1701 W Adams StMuncieIN47303
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Investment property for sale in Muncie at 1701 W Adams St, Muncie, IN, 47303 at $104,200 posts ROI 31.64% with $338/mo cash flow from $1,034/mo rent. Total monthly income equals $1,034/mo, and annual cash flow records $4,053/yr on $34,542 to close. Return on cash invested measures 31.64% and rental yield reads 11.91% at the current $104,200. Equity gained on principal adds $672/yr, and 5% annual appreciation supports $28,789 by year five. Five-year ROI prints 166.45% and total cumulative return in cash totals $57,495.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,034/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1898
3,049 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 47303, Muncie, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,763 (100%) |
| Owner Occupied HU | 5,209 (44.3%) |
| Renter Occupied HU | 5,107 (43.4%) |
| Vacant Housing Units | 1,447 (12.3%) |
| Median Home Value | $126,994 |
| Average Home Value | $156,121 |
Housing Distribution
Address Breakdown
Residential
10,581
Single Family
9,579
Multi-Family
1,002
Businesses
776
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-16 | Listing removed | $149,900 |
| 2024-04-22 | Listed for sale | $149,900 |
| 2024-03-28 | Pending sale | $149,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $1714.00 | 21.05% | $98,900 | 15.40% |
| 2023-10-21 | $1416.00 | 3.21% | $85,700 | 21.05% |
| 2022-10-21 | $1372.00 | 18.07% | $70,800 | 3.21% |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: Townhouse
- Year Built: 1898
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 1,320 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Baseboard, Electric
- Cooling: None
- Flooring: Other
- Interior Features: N/A
- Exterior Features: Vinyl
- Parking Features: None
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: Westview
- Middle School: Northside
- High School: Central
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A