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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 118 N Truitt Rd, Muncie, IN, 47303 with 5% annual appreciation on a $159,900 basis while $1,447/mo rent supports operations. Total monthly income totals $1,447/mo and a $783/mo payment preserves $487/mo for cash returns. Annual cash flow comes to $5,841/yr on $53,007 deployed, and return on cash invested reaches 30.93% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,177 alongside rental yield of 10.86%. Five-year ROI measures 161.7% and total cumulative return in cash totals $85,710.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,447/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47303, Muncie, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,763 (100%) |
| Owner Occupied HU | 5,209 (44.3%) |
| Renter Occupied HU | 5,107 (43.4%) |
| Vacant Housing Units | 1,447 (12.3%) |
| Median Home Value | $126,994 |
| Average Home Value | $156,121 |
Residential
10,581
Single Family
9,579
Multi-Family
1,002
Businesses
776
Date | Event | Price |
|---|---|---|
| 2025-04-08 | Listed for sale | $159,900 |
| 2020-03-30 | Sold | $84,900 |
| 2019-10-19 | Listed for sale | $84,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-09 | $481.76 | -15.69% | $103,100 | -0.10% |
| 2023-04-09 | $571.42 | 58.61% | $103,200 | -4.88% |
| 2022-04-09 | $360.26 | 223.92% | $108,500 | 28.86% |
Listed by: Christopher Perry • Property House
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511818
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.
