315 S Gibson StPrincetonIN47670
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Rental property for sale in Princeton at 315 S Gibson St, Princeton, IN, 47670 priced at $175,000 converts $1,740/mo rent into $689/mo cash flow after a $857/mo obligation. Total monthly income equals $1,740/mo, and annual cash flow totals $8,268/yr on $58,013 invested. Return on cash invested prints 34.16% in year one, and rental yield reads 11.93% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 179.13% and total cumulative return in cash sums $103,915. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,740/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 1956
10,454 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,450
Single Family
5,055
Multi-Family
395
Businesses
526
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices