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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% |
Rental property for sale in Muncie at 1523 E Washington St, Muncie, IN, 47305 priced at $114,900 pairs $1,162/mo rent with $473/mo cash flow after a $562/mo payment. Total monthly income equals $1,162/mo, and annual cash flow comes to $5,672/yr on $38,089 invested. Return on cash invested is 34.8% in year one, and rental yield stands at 12.14% on a $114,900 basis. Equity gained on principal adds $741/yr, and 5% annual appreciation accumulates to $31,745 by year five. Five-year ROI measures 182.48% and total cumulative return in cash reaches $69,506. For financing, Ziffy Mortgage’s DSCR program evaluates $1,162/mo property income against a $562/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1910
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47305, Muncie, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,432 (100%) |
| Owner Occupied HU | 511 (21.0%) |
| Renter Occupied HU | 1,264 (52.0%) |
| Vacant Housing Units | 657 (27.0%) |
| Median Home Value | $72,209 |
| Average Home Value | $102,931 |
Residential
1,640
Single Family
1,471
Multi-Family
169
Businesses
368
Date | Event | Price |
|---|---|---|
| 2024-10-05 | Price change | $114,900 |
| 2024-08-28 | Listed for sale | $134,900 |
| 2020-07-17 | Sold | $20,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $676.00 | 7.99% | $42,700 | 26.33% |
| 2022-10-14 | $625.98 | -32.25% | $33,800 | 7.99% |
| 2021-10-14 | $923.98 | -1.49% | $31,300 | -32.25% |
Listed by: Jason Gates • F.C. Tucker Muncie, REALTORS
Mls Name: IRMLS
Mls Provider:
Mls ID: #202432964
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.
