1623 N Janney Ave, Muncie, IN, 47304 | $602/mo Cash Flow

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Price: $300K - 500K

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1623 N Janney Ave, Muncie, IN, 47304 | $602/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 1623 N Janney Ave, Muncie, IN, 47304 uses $38,089 cash to close to unlock $7,220/yr annual cash flow and $602/mo monthly cash flow. Total monthly income runs $1,291/mo, and a $562/mo payment keeps the spread at $602/mo. Purchase price stands at $114,900, and rental yield measures 13.48% with $1,291/mo rent. Return on cash invested shows 38.86% in year one, and 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 204.25% and total cumulative return in cash records $77,798. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,291/mo property income covering a $562/mo payment rather than investor’s personal income.

Multi Family

Built in 1937

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Long term tenant in this investment property. Current lease through January 2026. Great location near BSU and IU Health. Instant income with monthly rent of $927 a month. This property is part of a potential 5 property package with 1600 W Adams St., 216 S Dill St., 1623 N Janney Ave., 512 S Talley Ave., 1602 W Adams St.

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