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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 423 W Mulberry St, Princeton, IN, 47670 listed at $145,000 pairs $1,886/mo rent with a $710/mo payment to leave $1,008/mo cash flow. Total monthly income runs $1,886/mo, and annual cash flow reaches $12,098/yr on $48,068 cash to close. Return on cash invested measures 45.08% in year one, and rental yield registers 15.61% at a $145,000 basis. Equity gained on principal adds $936/yr, and annual property appreciation at 5% supports $40,061 by year five. Five-year ROI tracks 237.71% and total cumulative return in cash totals $114,260. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,886/mo property income relative to a $710/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
7,125 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 |
|---|---|---|
| 2025-10-13 | Sold | $145,000 |
| 2025-08-27 | Pending sale | $149,900 |
| 2025-07-25 | Listed for sale | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-27 | $1289.12 | 1.67% | $129,200 | N/A |
| 2023-10-27 | $1268.00 | 14.79% | $129,200 | 1.89% |
| 2022-10-27 | $1104.64 | 10.87% | $126,800 | 10.26% |
What's Special
Pull Down Stairs,Storage
Listed by: Sue E Beloat • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202529298
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.
