1317 N Riley Rd, Muncie, IN, 47304 | 6.34% Rental Yield

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

Total monthly income runs $1,183/mo, and a $1,096/mo payment. Purchase price stands at $223,900, and rental yield measures 6.34% with $1,183/mo rent. Return on cash invested shows 17.3% in year one, and 5% annual appreciation builds toward $61,859 over five years. Five-year ROI reaches 88.63% and total cumulative return in cash records $65,784. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,183/mo property income covering a $1,096/mo payment rather than investor’s personal income.

Single Family

Built in 1958

0.30 Acres lot

$N/A/sqft

No HOA

More details about the property

Immaculate, charming 3+1.5 located on a corner lot in the heart of Muncie...close to BSU campus, hospital and all amenities. Sellers are relocating and have taken impeccable care maintaining the interior and exterior. A large front family room offers original hardwood floors (under carpet) a large front window and the kitchen has a window over sink and slider opening to the back deck & gorgeous fully fenced back yard with 10x8 shed. You will find three bedrooms on the opposite end of the house and a nicely updated bathroom. The large laundry room also serves as a half bath, located between the kitchen and garage. All appliances are included. Delaware County continues to be appealing to Indianapolis, Ft. Wayne and out of state buyers!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47304, Muncie, IN area.

Housing Distribution

Housing Statistics

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