Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 1412 N Lorraine Ave, Muncie, IN, 47304 earns $156/mo cash flow from $1,183/mo rent with a $734/mo payment. Total monthly income totals $1,183/mo, and annual cash flow totals $1,874/yr on $49,725 capital. ROI tracks 23.68% on current figures, and rental yield reads 9.46% at a $150,000 purchase. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 over five years. Five-year ROI reaches 124.01% and total cumulative return in cash sums $61,662. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,183/mo property income instead of your personal income.
Single Family
Built in 1948
6,534 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 |
|---|---|---|
| 2025-03-14 | Listed for sale | $150,000 |
| 2024-04-11 | Listing removed | N/A |
| 2024-02-28 | Listed for rent | $1,150 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-16 | $2764.00 | 23.84% | $150,200 | 8.68% |
| 2023-03-16 | $2232.00 | 18.98% | $138,200 | 23.84% |
| 2022-03-16 | $1875.98 | 11.93% | $111,600 | 18.98% |
Listed by: Ali Harrigan • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508231
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.
