1605 N Magnolia Ln, Muncie, IN, 47304 | $657/mo Cash Flow

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1605 N Magnolia Ln, Muncie, IN, 47304 | $657/mo Cash Flow | Ziffy

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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 1605 N Magnolia Ln, Muncie, IN, 47304 offers a 11.46% rental yield on a $185,000 purchase with $1,767/mo rent. Total monthly income registers $1,767/mo, and a $905/mo payment leaves $657/mo available for distribution. Annual cash flow reaches $7,884/yr on $61,328 to close, and return on cash invested stands at 32.76% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 171.53% and total cumulative return in cash at $105,195. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,767/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1970

0.57 Acres lot

$N/A/sqft

No HOA

More details about the property

5 bedroom, 2.5 home in Yorktown Schools, with over 2,000 sq, ft. HUGE backyard with mature trees for shade, and lovely covered patio. Main level has two separate living spaces, including formal living room at front, and cozy family room with brick fireplace and built-in shelving. One main level bedroom could also make a wonderful office or den. Upstairs primary suite has full attached bath, plus another full bath for additional bedrooms. Powder room for guests is on the main level, conveniently located across from staircase.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47304, Muncie, IN area.

Housing Distribution

Housing Statistics

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