324 S Race StPrincetonIN47670
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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
Investment Highlights
Investment property for sale in Princeton at 324 S Race St, Princeton, IN, 47670 uses $47,504 cash to close to unlock $9,304/yr annual cash flow and $775/mo monthly cash flow. Total monthly income runs $1,673/mo, and a $701/mo payment keeps the spread at $775/mo. Purchase price stands at $143,300, and rental yield measures 14.01% with $1,673/mo rent. Return on cash invested shows 39.49% in year one, and 5% annual appreciation builds toward $39,591 over five years. Five-year ROI reaches 208.06% and total cumulative return in cash records $98,834. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,673/mo property income covering a $701/mo payment rather than investor’s personal income.
Single Family
Built in 1912
6,098 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
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Listed by: James Chappell • Mission Real Estate Group Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439674
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.