204 N Cook Rd, Muncie, IN, 47303 | $547/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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204 N Cook Rd, Muncie, IN, 47303 | $547/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

Rental property for sale in Muncie at 204 N Cook Rd, Muncie, IN, 47303 priced at $169,900 pairs $1,567/mo rent with $547/mo cash flow after a $832/mo payment. Total monthly income equals $1,567/mo, and annual cash flow comes to $6,560/yr on $56,322 invested. Return on cash invested is 31.56% in year one, and rental yield stands at 11.07% on a $169,900 basis. Equity gained on principal adds $1,096/yr, and 5% annual appreciation accumulates to $46,940 by year five. Five-year ROI measures 165.08% and total cumulative return in cash reaches $92,978. For financing, Ziffy Mortgage’s DSCR program evaluates $1,567/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1949

0.52 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home to 204 N Cook St in Muncie! This 1 bedroom 1.5 bath home is spacious throughout with 1,650 sq ft of living space. A well-maintained property offering comfort, updates, and convenience throughout. In the last five years, the home has received major improvements including a new roof, new furnace, central air, two water heaters, new carpet and flooring, fresh interior paint, and mostly new windows, giving you peace of mind for years to come. The home was recently converted into a one bedroom making the living room larger, but can easily be turned back into the original two bedrooms. The bedroom features a walk-in closet, offering excellent storage. Half bath plumbing and fixtures were replaced in the past year. Step outside to enjoy the updated deck, refreshed landscaping, and a new privacy fence, perfect for relaxing or entertaining. You'll also appreciate the new exterior doors and the oversized 2-car garage with new garage door openers. Move-in ready and packed with updates, this home is an excellent opportunity!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47303, Muncie, IN area.

Housing Distribution

Housing Statistics

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