1511 S Meeker Ave, Muncie, IN, 47302 | $611/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1511 S Meeker Ave, Muncie, IN, 47302 | $611/mo Cash Flow | Ziffy

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

Investment property for sale in Muncie at 1511 S Meeker Ave, Muncie, IN, 47302 listed at $194,900 pairs $1,781/mo rent with a $954/mo payment to leave $611/mo cash flow. Total monthly income runs $1,781/mo, and annual cash flow reaches $7,332/yr on $64,609 cash to close. Return on cash invested measures 31.26% in year one, and rental yield registers 10.97% at a $194,900 basis. Equity gained on principal adds $1,258/yr, and annual property appreciation at 5% supports $53,847 by year five. Five-year ROI tracks 163.45% and total cumulative return in cash totals $105,603. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,781/mo property income relative to a $954/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1900

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Large 4 bedroom home with 2 full baths, one bedroom is located downstairs, large living room that has a gas log fireplace in the corner of the room. The kitchen has ceramic tile with island and a 4 stool bar on one side. Downstairs bath also has ceramic tile, upstairs are three bedrooms with plenty of space. The upstairs bathroom has an oversized jetted tub for those long days. Step out back to a totally privacy fenced backyard with patio and deck. The deck is 16x20 covered and a great place to spend time winding down with the fire pit. The garage is 25x30 and will house 4 cars if wanted and is also heated. On top of the garage is a large man or she room with lots of storage. This is a must see. Don't miss your chance to tour this one.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47302, Muncie, IN area.

Housing Distribution

Housing Statistics

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