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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 1512 W Royale Dr, Muncie, IN, 47304 uses $59,637 cash to close to unlock $6,883/yr annual cash flow and $574/mo monthly cash flow. Total monthly income runs $1,654/mo, and a $881/mo payment keeps the spread at $574/mo. Purchase price stands at $179,900, and rental yield measures 11.03% with $1,654/mo rent. Return on cash invested shows 31.45% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 164.53% and total cumulative return in cash records $98,121. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,654/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1955
6,969 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Tammy Parker • F.C.Tucker Muncie, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22060580
