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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Princeton at 692 S Concord Dr, Princeton, IN, 47670 priced at $330,000 converts $2,634/mo rent into $653/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,634/mo, and annual cash flow totals $7,839/yr on $109,395 invested. Return on cash invested prints 27.07% in year one, and rental yield reads 9.58% against a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,173 by year five. Five-year ROI reaches 141.05% and total cumulative return in cash sums $154,307. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,634/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47670, Princeton, IN area.
| 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 |
Residential
5,450
Single Family
5,055
Multi-Family
395
Businesses
526
Date | Event | Price |
|---|---|---|
| 2024-11-27 | Sold | $330,000 |
| 2024-10-30 | Pending sale | $345,000 |
| 2024-10-29 | Price change | $345,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $2458.10 | 1.08% | $219,700 | 2.90% |
| 2023-10-23 | $2431.76 | 10.18% | $213,500 | 1.18% |
| 2022-10-23 | $2207.14 | 6.83% | $211,000 | 11.05% |
Listed by: Grant A Waldroup • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438152
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
