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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% |
Investment property for sale in Princeton at 2002 W Glenwood Dr, Princeton, IN, 47670 offers a 9.3% rental yield on a $239,900 purchase with $1,860/mo rent. Total monthly income registers $1,860/mo, and a $1,174/mo payment leaves $420/mo available for distribution. Annual cash flow reaches $5,041/yr on $79,527 to close, and return on cash invested stands at 26.25% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 136.63% and total cumulative return in cash at $108,655. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,860/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.33 Acres 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 |
|---|---|---|
| 2025-06-27 | Listed for sale | $239,900 |
| 2023-03-27 | Sold | $212,500 |
| 2023-03-04 | Pending sale | $212,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-27 | $1734.00 | 4.52% | $162,700 | -6.17% |
| 2023-06-27 | $1659.00 | -42.20% | $173,400 | 4.52% |
| 2022-06-27 | $2870.00 | 106.77% | $165,900 | 15.61% |
Listed by: Rick W Marshall • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524557
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.
