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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 1105 N Saybrook Ln, Muncie, IN, 47304 offers a 5.63% rental yield on a $220,000 purchase with $1,032/mo rent. 16% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 77.17% and total cumulative return in cash at $56,279. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,032/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1997
4,356 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Erin Phillips • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls ID: #202537369
