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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 2215 E Lake Rd, Princeton, IN, 47670 offers $1,301/mo rent that, after a $832/mo payment, leaves $270/mo cash flow. Total monthly income is $1,301/mo, and annual cash flow is $3,236/yr on $56,322 cash. Return on cash invested measures 25.65% in year one, and rental yield stands at 9.19% at a $169,900 entry. Equity gained on principal adds $1,096/yr while 5% annual appreciation compounds into $46,940 by year five. Five-year ROI records 133.53% and total cumulative return in cash reaches $75,206. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,301/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
2.97 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 |
|---|---|---|
| 2025-07-07 | Sold | $169,900 |
| 2025-03-31 | Pending sale | $169,900 |
| 2024-11-15 | Price change | $169,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $1541.90 | 7.58% | $146,100 | 2.74% |
| 2023-10-23 | $1433.24 | 30.21% | $142,200 | -0.35% |
| 2022-10-23 | $1100.70 | 12.11% | $142,700 | 30.80% |
Listed by: Tim D Mason • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202420827
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.
