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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 2203 S Vine St, Muncie, IN, 47302 uses $38,123 cash to close to unlock $9,738/yr annual cash flow and $812/mo monthly cash flow. Total monthly income runs $1,502/mo, and a $563/mo payment keeps the spread at $812/mo. Purchase price stands at $115,000, and rental yield measures 15.67% with $1,502/mo rent. Return on cash invested shows 45.45% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 239.66% and total cumulative return in cash records $91,365. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,502/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1948
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47302, Muncie, IN area.
| 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 |
Residential
11,508
Single Family
11,429
Multi-Family
79
Businesses
580
Date | Event | Price |
|---|---|---|
| 2025-07-25 | Sold | $115,000 |
| 2025-07-03 | Pending sale | $119,900 |
| 2025-06-05 | Price change | $119,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $925.00 | 9.47% | $47,100 | 1.95% |
| 2023-10-21 | $844.96 | 164.88% | $46,200 | 9.48% |
| 2022-10-21 | $319.00 | -14.48% | $42,200 | 165.41% |
Listed by: Anthony Cohen • Summerland Realty Group, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516892
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.
