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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 1718 S Elm St, Muncie, IN, 47302 with 5% annual appreciation on a $109,000 basis while $1,151/mo rent supports operations. Total monthly income totals $1,151/mo and a $534/mo payment preserves $492/mo for cash returns. Annual cash flow comes to $5,903/yr on $36,134 deployed, and return on cash invested reaches 36.25% in year one. Equity gained on principal adds $703/yr, and five-year appreciation sums $30,115 alongside rental yield of 12.67%. Five-year ROI measures 190.25% and total cumulative return in cash totals $68,746.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,151/mo property income versus a $534/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1923
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47302, Muncie, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,894 (100%) |
| Owner Occupied HU | 7,150 (55.5%) |
| Renter Occupied HU | 3,985 (30.9%) |
| Vacant Housing Units | 1,759 (13.6%) |
| Median Home Value | $89,088 |
| Average Home Value | $153,660 |
Residential
11,508
Single Family
11,429
Multi-Family
79
Businesses
580
Date | Event | Price |
|---|---|---|
| 2024-10-05 | Price change | $109,000 |
| 2024-08-29 | Listed for sale | $129,000 |
| 2024-08-26 | Pending sale | $129,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $956.00 | 21.94% | $51,600 | 7.95% |
| 2022-10-14 | $784.00 | -4.85% | $47,800 | 21.94% |
| 2021-10-14 | $824.00 | -10.43% | $39,200 | -4.85% |
Listed by: Jason Gates • F.C. Tucker Muncie, REALTORS
Mls Name: IRMLS
Mls Provider:
Mls ID: #202432157
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.
