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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 1509 N Mann Ave, Muncie, IN, 47304 listed at $179,900 pairs $1,664/mo rent with a $881/mo payment to leave $509/mo cash flow. Total monthly income runs $1,664/mo, and annual cash flow reaches $6,113/yr on $59,637 cash to close. Return on cash invested measures 30.16% in year one, and rental yield registers 11.1% at a $179,900 basis. Equity gained on principal adds $1,161/yr, and annual property appreciation at 5% supports $49,703 by year five. Five-year ROI tracks 158.15% and total cumulative return in cash totals $94,317. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,664/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
8,276 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 |
|---|---|---|
| 2025-04-07 | Listed for sale | $179,900 |
| 2023-08-11 | Sold | $150,000 |
| 2023-07-06 | Pending sale | $155,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-09 | $2384.00 | 15.06% | $128,900 | 8.14% |
| 2023-04-09 | $2072.00 | 13.35% | $119,200 | 15.06% |
| 2022-04-09 | $1828.00 | N/A | $103,600 | 0.97% |
Listed by: Heather Clemmons • Starr Real Estate LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511621
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.
