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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% |
Rental property for sale in Muncie at 1901 N Tillotson Ave, Muncie, IN, 47304 priced at $246,300 converts $1,993/mo rent into $334/mo cash flow after a $1,206/mo obligation. Total monthly income equals $1,993/mo, and annual cash flow totals $4,011/yr on $81,648 invested. Return on cash invested prints 24.82% in year one, and rental yield reads 9.71% against a $246,300 entry. Equity gained on principal adds $1,589/yr, while 5% annual appreciation compiles into $68,048 by year five. Five-year ROI reaches 129.95% and total cumulative return in cash sums $106,104. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,993/mo property income covering a $1,206/mo payment, not borrower’s personal income.
Single Family
Built in 1908
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47304, Muncie, IN area.
| 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 |
Residential
14,165
Single Family
13,054
Multi-Family
1,111
Businesses
706
Date | Event | Price |
|---|---|---|
| 2025-06-02 | Listing removed | $2,000 |
| 2025-05-27 | Listed for rent | $2,000 |
| 2025-05-27 | Listing removed | $199,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $4201.98 | 5.71% | $246,300 | 18.93% |
| 2023-10-21 | $3975.00 | 3.68% | $207,100 | -0.91% |
| 2022-10-21 | $3834.00 | 13.13% | $209,000 | 10.52% |
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A
