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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 1202 N Petty Rd, Muncie, IN, 47304 priced at $179,900 converts $1,650/mo rent into $457/mo cash flow after a $881/mo obligation. Total monthly income equals $1,650/mo, and annual cash flow totals $5,479/yr on $59,637 invested. Return on cash invested prints 29.1% in year one, and rental yield reads 11.01% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 152.72% and total cumulative return in cash sums $91,077. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,650/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1959
9,583 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 |
|---|---|---|
| 2025-03-24 | Listed for sale | $179,900 |
| 2003-03-10 | Sold | $85,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-26 | $2850.00 | 15.95% | $157,300 | 10.39% |
| 2023-03-26 | $2458.00 | 16.16% | $142,500 | 15.95% |
| 2022-03-26 | $2116.00 | 10.79% | $122,900 | 16.16% |
What's Special
Pull Down Stairs,Storage
Listed by: Rickie Sipe • Property House
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509600
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.
