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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 318 S Gibson St, Princeton, IN, 47670 offers a 16.59% rental yield on a $145,000 purchase with $2,005/mo rent. Total monthly income registers $2,005/mo, and a $710/mo payment leaves $1,134/mo available for distribution. Annual cash flow reaches $13,611/yr on $48,068 to close, and return on cash invested stands at 48.23% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 254.53% and total cumulative return in cash at $122,348. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,005/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
7,840 sqft 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 |
|---|---|---|
| 2024-11-22 | Sold | $145,000 |
| 2024-10-23 | Pending sale | $154,900 |
| 2024-10-11 | Listed for sale | $154,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $988.00 | -4.36% | $97,200 | N/A |
| 2023-10-23 | $1033.00 | 8.97% | $97,200 | -6.81% |
| 2022-10-23 | $948.00 | 67.92% | $104,300 | 9.10% |
Listed by: Robert A Meeks • MEEKS REALTY
Mls Name: IRMLS
Mls Provider:
Mls ID: #202336186
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.
