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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 715 S Seminary St, Princeton, IN, 47670 priced at $127,000 converts $1,481/mo rent into $714/mo cash flow after a $622/mo obligation. Total monthly income equals $1,481/mo, and annual cash flow totals $8,573/yr on $42,101 invested. Return on cash invested prints 40.27% in year one, and rental yield reads 13.99% against a $127,000 entry. Equity gained on principal adds $820/yr, while 5% annual appreciation compiles into $35,088 by year five. Five-year ROI reaches 211.89% and total cumulative return in cash sums $89,205. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,481/mo property income covering a $622/mo payment, not borrower’s personal income.
Single Family
Built in 1897
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 |
|---|---|---|
| 2025-09-19 | Sold | $127,000 |
| 2025-07-21 | Pending sale | $119,900 |
| 2025-07-20 | Listed for sale | $119,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $1100.00 | -6.14% | $55,000 | N/A |
| 2023-10-22 | $1172.00 | 83.13% | $55,000 | -6.14% |
| 2022-10-22 | $640.00 | 7.56% | $58,600 | -8.44% |
Listed by: David Ernspiger • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528349
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.
