1502 Highway 67PrincetonIA52768
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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 1502 Highway 67, Princeton, IA, 52768 generates $1,627/mo in rent, after a $1,659/mo payment. Total monthly income is $1,627/mo. Return on cash invested sits at 13.78% in year one, and rental yield is 5.76% on a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 70.36% and total cumulative return in cash sums $79,072. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,627/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
0.61 Acres 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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Listed by: Charlotte Courtney • Mel Foster Co. Clinton
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4263651
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.