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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 701 E Water St, Princeton, IN, 47670 generates $1,548/mo in rent and, after a $737/mo payment, leaves $644/mo in cash flow. Total monthly income is $1,548/mo, and annual cash flow is $7,730/yr on $49,891 invested. Return on cash invested sits at 35.4% in year one, and rental yield is 12.34% on a $150,500 entry. Equity gained on principal adds $971/yr, while 5% annual appreciation builds toward $41,580 over five years. Five-year ROI reaches 185.75% and total cumulative return in cash sums $92,671. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,548/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
7,405 sqft 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 |
|---|---|---|
| 2025-08-26 | Sold | $150,500 |
| 2025-07-05 | Pending sale | $144,500 |
| 2025-07-01 | Listed for sale | $144,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $921.00 | 8.80% | $99,800 | 8.36% |
| 2023-11-01 | $846.48 | 2.23% | $92,100 | 7.22% |
| 2022-11-01 | $828.00 | 15.83% | $85,900 | 3.74% |
What's Special
Pull Down Stairs
Listed by: Craig T Egli • KELLER WILLIAMS CAPITAL REALTY
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523253
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.
