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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 829 S Main St, Princeton, IN, 47670 offers $936/mo rent that, after a $587/mo payment, leaves $188/mo cash flow. Total monthly income is $936/mo, and annual cash flow is $2,254/yr on $39,780 cash. Return on cash invested measures 25.57% in year one, and rental yield stands at 9.36% at a $120,000 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,154 by year five. Five-year ROI records 133.32% and total cumulative return in cash reaches $53,035. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $936/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.31 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 |
|---|---|---|
| 2024-10-09 | Sold | $84,700 |
| 2022-08-23 | Sold | $133,000 |
| 2022-07-08 | Pending sale | $139,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-21 | $1334.00 | 8.37% | $125,400 | -6.00% |
| 2023-05-21 | $1231.00 | 97.78% | $133,400 | 8.37% |
| 2022-05-21 | $622.40 | 23.35% | $123,100 | 67.94% |
Listed by: Jonathan R Baker • BAKER AUCTION & REALTY
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518591
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.
