624 S 1st St, Princeton, IN, 47670 | $479/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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624 S 1st St, Princeton, IN, 47670 | $479/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 624 S 1st St, Princeton, IN, 47670 earns $479/mo cash flow from $1,559/mo rent with a $881/mo payment. Total monthly income totals $1,559/mo, and annual cash flow totals $5,742/yr on $59,670 capital. ROI tracks 29.53% on current figures, and rental yield reads 10.39% at a $180,000 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 over five years. Five-year ROI reaches 154.24% and total cumulative return in cash sums $92,033. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,559/mo property income instead of your personal income.

Single Family

Built in 1972

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 624 S First Street in Princeton, a charming one level ranch perfectly positioned on a spacious corner lot. From the moment you arrive, you'll appreciate the convenience of the 1.5 car attached garage and the easy, comfortable layout this home offers. Step inside to the living room that flows seamlessly into the dining area and kitchen. The kitchen features ample cabinet space and a large pantry cabinet for additional storage. Just off the dining area, French doors open into a generous sun room, the perfect spot for morning coffee, hobbies, or relaxed evenings. From the living room you will head down the hallway. Immediately on your left is the spacious laundry room with a utility sink. Continue down the hall to find three well sized bedrooms and a full bathroom, offering plenty of space for family, guests, or a home office. For added peace of mind, this home has seen several major updates. The heating and AC (2023), roof (2021), and energy efficient windows (2013) have all been replaced, giving you the confidence in your investment for years to come. Located close to shopping, everyday amenities, and with quick access to the Toyota plant, a fantastic perk for Toyota employees looking to avoid traffic, selling as-is, this home truly combines comfort, convenience, and value. This home is also located in Duke Energy's service area, and for added peace of mind, the seller is offering a $534 simple 2-10 Home Warranty.

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