602 Johnson Ave, Princeton, IN, 47670 | $97/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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602 Johnson Ave, Princeton, IN, 47670 | $97/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

Rental property for sale in Princeton at 602 Johnson Ave, Princeton, IN, 47670 priced at $309,700 converts $1,956/mo rent into $97/mo cash flow after a $1,516/mo obligation. Total monthly income equals $1,956/mo, and annual cash flow totals $1,161/yr on $102,666 invested. Return on cash invested prints 21.04% in year one, and rental yield reads 7.58% against a $309,700 entry. Equity gained on principal adds $1,998/yr, while 5% annual appreciation compiles into $85,564 by year five. Five-year ROI reaches 108.66% and total cumulative return in cash sums $111,561. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,956/mo property income covering a $1,516/mo payment, not borrower’s personal income.

Single Family

Built in 1967

0.33 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautifully remodeled 3-bedroom, 2-bath home on a large lot in a highly desirable neighborhood. Enjoy relaxing on the spacious front porch, then step inside to an open floor plan with a great room, dining area, and updated kitchen featuring abundant cabinetry, a large island with eating bar, and included appliances. The generous owners suite offers a walk-in shower. Two additional bedrooms are also spacious. A cozy family room with fireplace and built-in bookshelves opens to a bright sunroom with lovely views of the lake. The backyard includes a fenced area for added privacy. Home also features an attached garage and whole-house generator for convenience and peace of mind. A must-see property!

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