2202 S Penn StMuncieIN47302
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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
Investment Highlights
Investment property for sale in Muncie at 2202 S Penn St, Muncie, IN, 47302 earns $233/mo cash flow from $1,013/mo rent with a $636/mo payment. Total monthly income totals $1,013/mo, and annual cash flow totals $2,796/yr on $43,062 capital. ROI tracks 26.4% on current figures, and rental yield reads 9.36% at a $129,900 purchase. Equity gained on principal adds $838/yr, and 5% annual appreciation supports $35,889 over five years. Five-year ROI reaches 137.51% and total cumulative return in cash sums $59,215. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,013/mo property income instead of your personal income.
Single Family
Built in 1946
4,356 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,508
Single Family
11,429
Multi-Family
79
Businesses
580
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