1005 2nd StPrincetonIA52768
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Princeton at 1005 2nd St, Princeton, IA, 52768 generates $1,602/mo in rent, after a $1,224/mo payment. Total monthly income is $1,602/mo. Return on cash invested sits at 19.59% in year one, and rental yield is 7.69% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 101.51% and total cumulative return in cash sums $84,130. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,602/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52768, Princeton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 620 (100%) |
| Owner Occupied HU | 506 (81.6%) |
| Renter Occupied HU | 74 (11.9%) |
| Vacant Housing Units | 40 ( 6.5%) |
| Median Home Value | $355,435 |
| Average Home Value | $486,675 |
Housing Distribution
Address Breakdown
Residential
411
Single Family
411
Multi-Family
0
Businesses
24
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