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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% |
Rental property for sale in Muncie at 1113 N Saybrook Ln, Muncie, IN, 47304 priced at $224,900 pairs $1,744/mo rent with $214/mo cash flow after a $1,101/mo payment. Total monthly income equals $1,744/mo, and annual cash flow comes to $2,565/yr on $74,554 invested. Return on cash invested is 23.35% in year one, and rental yield stands at 9.31% on a $224,900 basis. Equity gained on principal adds $1,451/yr, and 5% annual appreciation accumulates to $62,136 by year five. Five-year ROI measures 122.1% and total cumulative return in cash reaches $91,033. For financing, Ziffy Mortgage’s DSCR program evaluates $1,744/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2000
N/A lot
$N/A/sqft
$180 monthly 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 |
|---|---|---|
| 2025-03-18 | Listed for sale | $224,900 |
| 2014-11-21 | Sold | $105,000 |
| 2014-10-22 | Pending sale | $114,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Lela Boucher • Ryse Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508663
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.
