1010 W 23rd StMuncieIN47302
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Investment property for sale in Muncie at 1010 W 23rd St, Muncie, IN, 47302 uses $53,007 cash to close to unlock $5,037/yr annual cash flow and $420/mo monthly cash flow. Total monthly income runs $1,380/mo, and a $783/mo payment keeps the spread at $420/mo. Purchase price stands at $159,900, and rental yield measures 10.36% with $1,380/mo rent. Return on cash invested shows 29.41% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 153.57% and total cumulative return in cash records $81,402. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,380/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1932
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47302, Muncie, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,894 (100%) |
| Owner Occupied HU | 7,150 (55.5%) |
| Renter Occupied HU | 3,985 (30.9%) |
| Vacant Housing Units | 1,759 (13.6%) |
| Median Home Value | $89,088 |
| Average Home Value | $153,660 |
Housing Distribution
Address Breakdown
Residential
11,508
Single Family
11,429
Multi-Family
79
Businesses
580
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices