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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 2005 N Duane Rd, Muncie, IN, 47304 with 5% annual appreciation on a $149,900 basis while $1,183/mo rent supports operations. Total monthly income totals $1,183/mo and a $734/mo payment preserves $221/mo for cash returns. Annual cash flow comes to $2,648/yr on $49,692 deployed, and return on cash invested reaches 25.24% in year one. Equity gained on principal adds $967/yr, and five-year appreciation sums $41,415 alongside rental yield of 9.47%. Five-year ROI measures 131.75% and total cumulative return in cash totals $65,471.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,183/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
0.36 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 |
|---|---|---|
| 2025-03-25 | Listed for sale | $149,900 |
| 2002-08-20 | Sold | $60,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-27 | $1990.00 | 18.88% | $109,500 | 10.16% |
| 2023-03-27 | $1674.00 | 6.76% | $99,400 | 18.90% |
| 2022-03-27 | $1567.98 | 9.65% | $83,600 | 6.77% |
Listed by: Ryan Orr • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509770
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.
