601 Harding Ave, Princeton, IN, 47670 | 5.57% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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601 Harding Ave, Princeton, IN, 47670 | 5.57% Rental Yield | 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

Rental property for sale in Princeton at 601 Harding Ave, Princeton, IN, 47670 offers $1,440/mo rent that, after a $1,517/mo payment. Total monthly income is $1,440/mo. Return on cash invested measures 15% in year one, and rental yield stands at 5.57% at a $310,000 entry. Equity gained on principal adds $2,000/yr while 5% annual appreciation compounds into $85,647 by year five. Five-year ROI records 76.28% and total cumulative return in cash reaches $78,391. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,440/mo property income versus a $1,517/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1973

0.69 Acres lot

$N/A/sqft

No HOA

More details about the property

This beautiful 4-bedroom, 3-full bath brick ranch offers a park-like setting with stunning lake views. Situated on three picturesque lots along a quiet street, the home features a finished walk-out basement that opens up to the oversized shaded backyard. The covered back porch overlooks the lake, creating the ideal spot to enjoy morning coffee or evening sunsets. The above-ground swimming pool with deck provides a great space for entertaining and hosting parties. Inside, the remodeled kitchen boasts updated cabinets & countertops. You will appreciate the newer bamboo flooring which flows through most of the main level for a warm, contemporary feel. Enjoy the relaxation of the jetted, oversized bathtub which includes a TV that the homeowners will be leaving. A two-car attached garage offers convenience and ample storage. Brand new roof as of September 2025! With its peaceful setting, modern updates, and abundance of outdoor living space, this home is a perfect retreat for those seeking serenity in a highly desired neighborhood. Home Warranty being provided by the sellers for the buyers.

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