1320 E Main St, Muncie, IN, 47305 | 6.33% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1320 E Main St, Muncie, IN, 47305 | 6.33% Rental Yield | Ziffy

For Sale

Currently Rented

Rental Income

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
952 sft

2012 Costello Dr, Anderson, IN, 46011

2 Bed
2 Bath
898 sft

14 Winchester Ct, Anderson, IN, 46013

2 Bed
2 Bath
1099 sft

4504 Harvard Dr, Anderson, IN, 46013

2 Bed
2 Bath
1136 sft

4506 Avon Dr, Anderson, IN, 46013

Nearby investment properties with comparable prices

3 Bed
1 Bath
1118 sft

3504 White River Ct, Anderson, IN, 46012

3 Bed
1 Bath
1230 sft

1820 Whittier Ave, Anderson, IN, 46011

3 Bed
1 Bath
2052 sft

2438 E 200 N, Anderson, IN, 46012

2 Bed
1 Bath
1200 sft

3619 Sloan Ave, Anderson, IN, 46013

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Muncie at 1320 E Main St, Muncie, IN, 47305 earns from $1,002/mo rent with a $930/mo payment. Total monthly income totals $1,002/mo. ROI tracks 17.27% on current figures, and rental yield reads 6.33% at a $190,000 purchase. Equity gained on principal adds $1,226/yr, and 5% annual appreciation supports $52,494 over five years. Five-year ROI reaches 88.48% and total cumulative return in cash sums $55,728. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,002/mo property income instead of your personal income.

Multi Family

Built in 1965

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Seize this exceptional opportunity to own a high-earning, turnkey triplex in the heart of Muncie, Indiana. This meticulously maintained property offers a powerful combination of steady cash flow, reduced vacancy risk, and significant long-term appreciation potential. Located in a prime neighborhood, this triplex is a dream for both seasoned investors and first-time buyers looking to "house hack" their way to financial freedom. Investment Highlights Three Streams of Income: With all three units fully leased to reliable tenants, you'll benefit from a powerful, diversified income stream from day one. Unlike single-family homes, a triplex significantly mitigates the financial impact of a single vacancy. Prime Muncie Location: Situated in a high-demand area near [mention a specific local landmark, e.g., Ball State University, downtown Muncie, IU Health Ball Memorial Hospital], this property consistently attracts a strong pool of tenants, including students, faculty, and young professionals. Its proximity to jobs, dining, and entertainment ensures low turnover and competitive rental rates. Strong Financial Performance: Muncie's real estate market is on the rise, with home values and rental rates seeing consistent growth. This triplex is a high-performing asset that offers both immediate, attractive cash flow and the potential for a substantial increase in value over time.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47305, Muncie, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,432 (100%)
Owner Occupied HU	511 (21.0%)
Renter Occupied HU	1,264 (52.0%)
Vacant Housing Units	657 (27.0%)
Median Home Value	$72,209
Average Home Value	$102,931