209 S Gibson St, Princeton, IN, 47670 | $509/mo Cash Flow

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209 S Gibson St, Princeton, IN, 47670 | $509/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Princeton at 209 S Gibson St, Princeton, IN, 47670 listed at $155,000 pairs $1,440/mo rent with a $759/mo payment to leave $509/mo cash flow. Total monthly income runs $1,440/mo, and annual cash flow reaches $6,111/yr on $51,383 cash to close. Return on cash invested measures 31.8% in year one, and rental yield registers 11.15% at a $155,000 basis. Equity gained on principal adds $1,000/yr, and annual property appreciation at 5% supports $42,824 by year five. Five-year ROI tracks 166.45% and total cumulative return in cash totals $85,528. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,440/mo property income relative to a $759/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1993

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this well-kept 2 bedroom, 2 full bathroom home built in 1993! Offering over 1,200 square feet of comfortable living space, this property features an inviting open floor plan and great natural light throughout. The spacious living room includes a charming bay window, perfect for bright mornings and cozy evenings. The kitchen provides ample cabinetry and countertop space, and flows seamlessly into a large dining area with direct access to the back patioideal for entertaining or relaxing outdoors. Tucked quietly at the back of the home, the owners suite features a tray ceiling, generous closet space, and a private full bath with a step-in shower. The second bedroom is well-positioned near the second full bath, making it perfect for guests, family, or a home office. Outside, enjoy a fully fenced backyard with a new vinyl fence installed in 2024. Additional updates include replacement windows (2010) for improved efficiency and peace of mind. All kitchen appliances plus the washer & dryer are included, and the sellers are also providing a 1-year Supreme Home Warranty ($749 value) for added confidence. Home is being sold as-is, as an estate sale.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47670, Princeton, IN area.

Housing Distribution

Housing Statistics

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