308 N 3rd Ave, Princeton, IN, 47670 | $115/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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308 N 3rd Ave, Princeton, IN, 47670 | $115/mo Cash Flow | Ziffy

For Sale

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 308 N 3rd Ave, Princeton, IN, 47670 uses $94,444 cash to close to unlock $1,383/yr annual cash flow and $115/mo monthly cash flow. Total monthly income runs $1,825/mo, and a $1,394/mo payment keeps the spread at $115/mo. Purchase price stands at $284,900, and rental yield measures 7.69% with $1,825/mo rent. Return on cash invested shows 21.37% in year one, and 5% annual appreciation builds toward $78,713 over five years. Five-year ROI reaches 110.48% and total cumulative return in cash records $104,339. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,825/mo property income covering a $1,394/mo payment rather than investor’s personal income.

Single Family

Built in 1959

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

3 Bedroom, 2 Bath Ranch with Walk Out Basement with Guest Suite & Scenic Views Enter a home that feels warm and welcoming from the start. The main level features a light-filled living room with a large bay window that frames peaceful views of the Lakeford Stables, where horses graze among the trees a setting that brings a sense of calm right into your living space. The kitchen combines both charm and functionality, featuring rich wood cabinetry, a sleek gas stove, updated appliances, and plenty of counter space for meal prep. A convenient walk-in pantry provides excellent storage, keeping everything organized and within easy reach. Out back, youll find an attached 2-car garage along with a charming Studio/Guest Suite complete with its own kitchenette and full bath perfect for guests, extended family, or even a cozy retreat to call your own. The partially finished walk-out basement offers extra room for hobbies, a workout space, or simply a comfortable spot to relax and unwind along with its own kitchen. With its blend of character, flexibility, and natural beauty, this home offers the ideal backdrop for everyday living and easy entertaining.

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