702 S Race StPrincetonIN47670
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 702 S Race St, Princeton, IN, 47670 in Princeton is narrow, $143/mo net on $1,314/mo rent after the $924/mo debt service, but the property operates at break-even-plus, not a loss. At $195,000 with a 8.09% yield, the long-run equity case via 5% appreciation ($53,875 over five years) and $1,635/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.42 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $79,383.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.0% |
| Monthly Cash Flow | $143 | $150 |
City averages based on Princeton market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,314 |
| Total Monthly Debt Service | $1,141 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,450
Single Family
5,055
Multi-Family
395
Businesses
526
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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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