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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 2016 N Glenwood Ave, Muncie, IN, 47304 priced at $152,500 converts $1,474/mo rent into $512/mo cash flow after a $746/mo obligation. Total monthly income equals $1,474/mo, and annual cash flow totals $6,142/yr on $50,554 invested. Return on cash invested prints 32.06% in year one, and rental yield reads 11.6% against a $152,500 entry. Equity gained on principal adds $984/yr, while 5% annual appreciation compiles into $42,133 by year five. Five-year ROI reaches 168.15% and total cumulative return in cash sums $85,007. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,474/mo property income covering a $746/mo payment, not borrower’s personal income.
Single Family
Built in 1940
6,534 sqft 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 |
|---|---|---|
| 2025-04-07 | Listed for sale | $152,500 |
| 2024-03-08 | Listing removed | $144,900 |
| 2024-02-07 | Listed for sale | $144,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-09 | $1831.98 | 12.12% | $108,800 | 18.78% |
| 2023-04-09 | $1634.00 | 22.12% | $91,600 | 12.12% |
| 2022-04-09 | $1338.00 | 10.03% | $81,700 | 22.12% |
Listed by: Stephanie Cooper • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511704
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.
