1806 E 18th StMuncieIN47302
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
Rental property for sale in Muncie at 1806 E 18th St, Muncie, IN, 47302 generates $854/mo in rent and, after a $538/mo payment, leaves $194/mo in cash flow. Total monthly income is $854/mo, and annual cash flow is $2,330/yr on $36,432 invested. Return on cash invested sits at 26.31% in year one, and rental yield is 9.32% on a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 137.03% and total cumulative return in cash sums $49,924. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $854/mo property income rather than buyer’s personal income.
Single Family
Built in 1919
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47302, Muncie, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,508
Single Family
11,429
Multi-Family
79
Businesses
580
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices