522 S Race St, Princeton, IN, 47670 | $293/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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522 S Race St, Princeton, IN, 47670 | $293/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Princeton at 522 S Race St, Princeton, IN, 47670 uses $57,979 cash to close to unlock $3,518/yr annual cash flow and $293/mo monthly cash flow. Total monthly income runs $1,343/mo, and a $856/mo payment keeps the spread at $293/mo. Purchase price stands at $174,900, and rental yield measures 9.21% with $1,343/mo rent. Return on cash invested shows 25.98% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 135.21% and total cumulative return in cash records $78,396. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,343/mo property income covering a $856/mo payment rather than investor’s personal income.

Single Family

Built in 1922

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

THIS FANTASTIC 2 BEDROOM 1 1/2 BATH TOTAL REMODEL HAS BEEN COMPLETED BY ABNER HOMES AND CONTRACTING LLC. THE UPDATES ARE MANY AND DONE WITH ATTENTION TO DETAIL CREATING A QUALITY HOME THAT FEATURES A NEW ROOF, WINDOWS, FLOORING,HVAC, KITCHEN AND BATH WITH ALL NEW CABINETS, FIXTURES AND NEW APPLIANCES THAT COME WITH THE HOME PURCHASE. THE LAYOUT IS OPEN AND HAS LOTS OF NATURAL LIGHTING. HOME ALSO HAS 1 CAR DETATCHED GARAGE AND PLENTY OF OFF STREET PARKING.

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