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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% |
Investment property for sale in Selma at 10004 E Muncie St, Selma, IN, 47383 listed at $110,950 pairs $1,229/mo rent with a $543/mo payment to leave $563/mo cash flow. Total monthly income runs $1,229/mo, and annual cash flow reaches $6,756/yr on $36,780 cash to close. Return on cash invested measures 38.28% in year one, and rental yield registers 13.29% at a $110,950 basis. Equity gained on principal adds $716/yr, and annual property appreciation at 5% supports $30,653 by year five. Five-year ROI tracks 201.27% and total cumulative return in cash totals $74,026. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,229/mo property income relative to a $543/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1948
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47383, Selma, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,127 (100%) |
| Owner Occupied HU | 911 (80.8%) |
| Renter Occupied HU | 143 (12.7%) |
| Vacant Housing Units | 73 ( 6.5%) |
| Median Home Value | $218,720 |
| Average Home Value | $239,391 |
Residential
1,014
Single Family
1,014
Multi-Family
0
Businesses
40
Date | Event | Price |
|---|---|---|
| 2025-02-06 | Sold | $110,950 |
| 2025-01-13 | Pending sale | $104,900 |
| 2025-01-06 | Listed for sale | $104,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $416.90 | 9.35% | $60,600 | -4.11% |
| 2023-10-22 | $381.24 | 46.11% | $63,200 | -1.25% |
| 2022-10-22 | $260.92 | -2.95% | $64,000 | 32.23% |
Listed by: Curtis Cunningham • Wagner Auctioneering and Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202432788
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.
