831 E Spruce St, Princeton, IN, 47670 | $288/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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831 E Spruce St, Princeton, IN, 47670 | $288/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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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Investment Highlights

Rental property for sale in Princeton at 831 E Spruce St, Princeton, IN, 47670 priced at $174,900 converts $1,338/mo rent into $288/mo cash flow after a $856/mo obligation. Total monthly income equals $1,338/mo, and annual cash flow totals $3,458/yr on $57,979 invested. Return on cash invested prints 25.87% in year one, and rental yield reads 9.18% against a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,322 by year five. Five-year ROI reaches 134.63% and total cumulative return in cash sums $78,060. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,338/mo property income covering a $856/mo payment, not borrower’s personal income.

Manufactured

Built in 2003

0.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Big lot, quiet street, and space to breathethis 3 bed, 2 bath home sits on a rare half-acre at the end of a dead-end street. Inside offers nearly 1,300 sqft with a split bedroom layout and open living area. Outside? Room for a garage, garden, or just some peace and quiet. Small-town living with space to stretch.

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