1901 W Riggin Rd, Muncie, IN, 47304 | $751/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1901 W Riggin Rd, Muncie, IN, 47304 | $751/mo Cash Flow | Ziffy

For Sale

Currently Rented

Fix & Flip

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1431 sft

1309 Wyoming Way, Anderson, IN, 46013

3 Bed
2 Bath
1352 sft

3913 Eastern Dr, Anderson, IN, 46012

3 Bed
2 Bath
1571 sft

806 Country Ln, Anderson, IN, 46013

3 Bed
2 Bath
2166 sft

5105 S Breezewood Dr, Muncie, IN, 47302

Nearby investment properties with comparable prices

3 Bed
1 Bath
1133 sft

2404 Wildwood Ave, Anderson, IN, 46011

3 Bed
1 Bath
1063 sft

2430 Dover St, Anderson, IN, 46013

3 Bed
3 Bath
3190 sft

9508 W Lone Beech Dr, Muncie, IN, 47304

3 Bed
1 Bath
1118 sft

3522 Quincy Dr, Anderson, IN, 46011

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Muncie at 1901 W Riggin Rd, Muncie, IN, 47304 uses $56,322 cash to close to unlock $9,008/yr annual cash flow and $751/mo monthly cash flow. Total monthly income runs $1,771/mo, and a $832/mo payment keeps the spread at $751/mo. Purchase price stands at $169,900, and rental yield measures 12.51% with $1,771/mo rent. Return on cash invested shows 35.9% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 188.39% and total cumulative return in cash records $106,106. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,771/mo property income covering a $832/mo payment rather than investor’s personal income.

Multi Family

Built in 1953

0.29 Acres lot

$N/A/sqft

No HOA

More details about the property

Main Unit has been new Vinyl Plank Flooring, New paint, New toilet, sink and tub surround. This also has 2 bedrooms, Large Living Room, Kitchen, Laundry area and walk in pantry. There is an addition room that could be a family room or you could use it as a 3rd bedroom (Closet right outside the door). This unit also has access to the 2 car attached garage and large fenced back yard. Upstairs unit has a large living room/dining room space, small Kitchen, 1 bedroom and bathroom with vinyl flooring. Downstairs back unit is a studio apartment with a small Kitchen and Bathroom. House is being sold "As-Is", Each unit has their own utilities. Appliances in the units stay. Currently not leased.

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