202 E 13th St, Muncie, IN, 47302 | $199/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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202 E 13th St, Muncie, IN, 47302 | $199/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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2031 S Daly Ave, Muncie, IN, 47302

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

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Investment Highlights

Investment property for sale in Muncie at 202 E 13th St, Muncie, IN, 47302 uses $41,404 cash to close to unlock $2,383/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $948/mo, and a $611/mo payment keeps the spread at $199/mo. Purchase price stands at $124,900, and rental yield measures 9.11% with $948/mo rent. Return on cash invested shows 25.66% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 133.52% and total cumulative return in cash records $55,282. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $948/mo property income covering a $611/mo payment rather than investor’s personal income.

Single Family

Built in 1924

5,488 sqft lot

$N/A/sqft

No HOA

More details about the property

What a cute house!! This home has tons of character and is totally move in ready! It features large rooms and lots of windows to let in tons of natural light. As you walk up to the front door, you will love the HUGE front porch with a beautiful bead board ceiling and arched trim. The main floor features a large living room, dining room, convenient laundry room, half bath, and kitchen. Upstairs there are 3 bedrooms and the full bath with walk in shower. Outside there is a large yard and room for off street parking. If you have been looking for an affordable, move in ready home, with lots of character, this is a must see!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47302, Muncie, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,894 (100%)
Owner Occupied HU	7,150 (55.5%)
Renter Occupied HU	3,985 (30.9%)
Vacant Housing Units	1,759 (13.6%)
Median Home Value	$89,088
Average Home Value	$153,660