501 Meadowlark Dr, Princeton, IN, 47670 | 6.96% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

501 Meadowlark Dr, Princeton, IN, 47670 | 6.96% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
2708 sft

409 E Strain St, Fort Branch, IN, 47648

3 Bed
2 Bath
1720 sft

9227 Eastlake Dr, Wadesville, IN, 47638

4 Bed
2 Bath
1890 sft

170 N Nix Ave, Poseyville, IN, 47633

3 Bed
3 Bath
2418 sft

1709 Village Ln, Evansville, IN, 47725

Nearby investment properties with comparable prices

3 Bed
3 Bath
1555 sft

404 E Clark St, Owensville, IN, 47665

3 Bed
2 Bath
2708 sft

409 E Strain St, Fort Branch, IN, 47648

4 Bed
2 Bath
1864 sft

7719 Highway 66, Wadesville, IN, 47638

4 Bed
3 Bath
1946 sft

4621 Meadow Ln, Wadesville, IN, 47638

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Princeton at 501 Meadowlark Dr, Princeton, IN, 47670 offers $1,828/mo rent that, after a $1,542/mo payment. Total monthly income is $1,828/mo. Return on cash invested measures 19.18% in year one, and rental yield stands at 6.96% at a $315,000 entry. Equity gained on principal adds $2,033/yr while 5% annual appreciation compounds into $87,029 by year five. Five-year ROI records 98.71% and total cumulative return in cash reaches $103,073. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,828/mo property income versus a $1,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1962

0.78 Acres lot

$N/A/sqft

No HOA

More details about the property

Start Showing Date: 6/30/2025 Welcome to your own private retreat nestled at the end of a quiet cul-de-sac in Princeton, Indiana. Situated on a spacious .78-acre lot, this beautifully updated home offers 2,328 finished square feet of comfortable living space. Inside, you'll find 3 bedrooms and 2 bathrooms, a bright and airy layout with plenty of natural light, and modern updates throughout. The recently waterproofed basement adds valuable finished space. Step out from the updated kitchen onto a large deck, perfect for morning coffee or evening relaxation, overlooking your private, wooded backyarda peaceful oasis youll enjoy year-round. Need storage or workshop space? Youll love the oversized 3-car garage plus an additional shed for all your tools and toys. This move-in ready home combines privacy, space, and modern updatesall in a desirable location.

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