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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 Muncie at 1008 W 1st St, Muncie, IN, 47305 uses $39,780 cash to close to unlock $2,616/yr annual cash flow and $218/mo monthly cash flow. Total monthly income runs $938/mo, and a $587/mo payment keeps the spread at $218/mo. Purchase price stands at $120,000, and rental yield measures 9.38% with $938/mo rent. Return on cash invested shows 26.49% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 137.85% and total cumulative return in cash records $54,835. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $938/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1910
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47305, Muncie, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,432 (100%) |
| Owner Occupied HU | 511 (21.0%) |
| Renter Occupied HU | 1,264 (52.0%) |
| Vacant Housing Units | 657 (27.0%) |
| Median Home Value | $72,209 |
| Average Home Value | $102,931 |
Residential
1,640
Single Family
1,471
Multi-Family
169
Businesses
368
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Michael Burke • Burke Realty
Mls Name: IRMLS
Mls ID: #202538314
