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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 1905 W Pineview Dr, Muncie, IN, 47303 priced at $291,000 converts $2,666/mo rent into $919/mo cash flow after a $1,424/mo obligation. Total monthly income equals $2,666/mo, and annual cash flow totals $11,034/yr on $96,467 invested. Return on cash invested prints 31.35% in year one, and rental yield reads 10.99% against a $291,000 entry. Equity gained on principal adds $1,878/yr, while 5% annual appreciation compiles into $80,398 by year five. Five-year ROI reaches 163.95% and total cumulative return in cash sums $158,154. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,666/mo property income covering a $1,424/mo payment, not borrower’s personal income.
Single Family
Built in 1980
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47303, Muncie, IN area.
| 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 |
Residential
10,581
Single Family
9,579
Multi-Family
1,002
Businesses
776
Date | Event | Price |
|---|---|---|
| 2024-11-25 | Sold | $291,000 |
| 2024-11-08 | Pending sale | $299,900 |
| 2024-10-25 | Price change | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $1978.78 | -5.69% | $248,400 | N/A |
| 2023-10-21 | $2098.12 | 9.11% | $248,400 | -1.00% |
| 2022-10-21 | $1922.86 | 7.79% | $250,900 | 16.00% |
What's Special
Pull Down Stairs,Storage
Listed by: Ryan Kramer • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202435040
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.
