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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 106 N Shellbark Rd, Muncie, IN, 47304 at $189,900 posts ROI 20.74% with $44/mo cash flow from $1,183/mo rent. Total monthly income equals $1,183/mo, and annual cash flow records $522/yr on $62,952 to close. Return on cash invested measures 20.74% and rental yield reads 7.48% at the current $189,900. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 by year five. Five-year ROI prints 107.08% and total cumulative return in cash totals $67,409.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,183/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1955
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47304, Muncie, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,248 (100%) |
| Owner Occupied HU | 8,917 (62.6%) |
| Renter Occupied HU | 4,021 (28.2%) |
| Vacant Housing Units | 1,310 ( 9.2%) |
| Median Home Value | $182,063 |
| Average Home Value | $213,231 |
Residential
14,165
Single Family
13,054
Multi-Family
1,111
Businesses
706
Date | Event | Price |
|---|---|---|
| 2025-09-03 | Listed for sale | $189,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-04 | $245.98 | 2.00% | $142,500 | 15.38% |
| 2023-09-04 | $241.16 | 2.00% | $123,500 | 6.19% |
| 2022-09-04 | $236.44 | 2.00% | $116,300 | 14.47% |
Listed by: Dustin Ford • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202535315
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.
