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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 1407 S Meeker Ave, Muncie, IN, 47302 listed at $115,000 pairs $1,140/mo rent with a $563/mo payment to leave $450/mo cash flow. Total monthly income runs $1,140/mo, and annual cash flow reaches $5,394/yr on $38,123 cash to close. Return on cash invested measures 34.06% in year one, and rental yield registers 11.9% at a $115,000 basis. Equity gained on principal adds $742/yr, and annual property appreciation at 5% supports $31,772 by year five. Five-year ROI tracks 178.53% and total cumulative return in cash totals $68,061. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,140/mo property income relative to a $563/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1927
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47302, Muncie, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,894 (100%) |
| Owner Occupied HU | 7,150 (55.5%) |
| Renter Occupied HU | 3,985 (30.9%) |
| Vacant Housing Units | 1,759 (13.6%) |
| Median Home Value | $89,088 |
| Average Home Value | $153,660 |
Residential
11,508
Single Family
11,429
Multi-Family
79
Businesses
580
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Bronwyn Wuthrich • NextHome Elite Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22072497
