709 S Race StPrincetonIN47670
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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
Investment Highlights
Investment property for sale in Princeton at 709 S Race St, Princeton, IN, 47670 offers a 9.09% rental yield on a $164,900 purchase with $1,249/mo rent. Total monthly income registers $1,249/mo, and a $807/mo payment leaves $259/mo available for distribution. Annual cash flow reaches $3,111/yr on $54,664 to close, and return on cash invested stands at 25.6% in year one. Equity gained on principal adds $1,064/yr while 5% annual appreciation supports $45,559 over five years. Portfolio math shows five-year ROI at 133.19% and total cumulative return in cash at $72,808. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,249/mo property income against a $807/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1903
6,969 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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