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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Princeton at 1605 S Main St, Princeton, IN, 47670 generates $1,440/mo in rent and, after a $832/mo payment, leaves $420/mo in cash flow. Total monthly income is $1,440/mo, and annual cash flow is $5,036/yr on $56,322 invested. Return on cash invested sits at 28.85% in year one, and rental yield is 10.17% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 150.57% and total cumulative return in cash sums $84,806. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,440/mo property income rather than buyer’s personal income.
Single Family
Built in 1929
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47670, Princeton, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,690 (100%) |
| Owner Occupied HU | 3,514 (61.8%) |
| Renter Occupied HU | 1,580 (27.8%) |
| Vacant Housing Units | 596 (10.5%) |
| Median Home Value | $171,349 |
| Average Home Value | $207,644 |
Residential
5,450
Single Family
5,055
Multi-Family
395
Businesses
526
Date | Event | Price |
|---|---|---|
| 2025-06-24 | Listed for sale | $169,900 |
| 2017-07-19 | Sold | $87,000 |
| 2017-06-08 | Price change | $89,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-25 | $1251.00 | 8.50% | $101,000 | -19.26% |
| 2023-06-25 | $1153.00 | 27.54% | $125,100 | 8.50% |
| 2022-06-25 | $904.00 | 11.74% | $115,300 | 27.54% |
Listed by: Grant A Waldroup • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524114
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.
