1311 E Butler St, Muncie, IN, 47303 | $402/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1311 E Butler St, Muncie, IN, 47303 | $402/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Muncie at 1311 E Butler St, Muncie, IN, 47303 generates $1,031/mo in rent and, after a $513/mo payment, leaves $402/mo in cash flow. Total monthly income is $1,031/mo, and annual cash flow is $4,821/yr on $34,774 invested. Return on cash invested sits at 33.77% in year one, and rental yield is 11.79% on a $104,900 entry. Equity gained on principal adds $677/yr, while 5% annual appreciation builds toward $28,982 over five years. Five-year ROI reaches 176.94% and total cumulative return in cash sums $61,530. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,031/mo property income rather than buyer’s personal income.

Single Family

Built in 1920

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Located at 1311 E Butler ST, MUNCIE, IN, this single-family residence in Delaware County presents an inviting home, ready to move in and begin its next chapter. The living room greets you with an air of sophistication, enhanced by the detailed crown molding that adds a touch of timeless elegance to the space. Imagine evenings spent here, bathed in the warm glow of lamplight, enjoying the simple pleasures of home in a refined and comfortable setting. The kitchen offers both style and functionality with its shaker cabinets, providing ample storage and a clean, classic aesthetic, while the crown molding ties the space together with a cohesive design. Picture yourself preparing delicious meals in this well-appointed kitchen, creating culinary masterpieces to share with loved ones. The bedroom offers a peaceful retreat, with crown molding adding a touch of refined elegance. The walk-in closet provides generous storage space, offering a place for every treasured belonging. Imagine relaxing in the sunroom, bathed in natural light, enjoying a quiet moment with a good book. This property, with its blend of classic charm and modern convenience, offers a wonderful opportunity to create a beautiful and fulfilling home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47303, Muncie, IN area.

Housing Distribution

Housing Statistics

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