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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 2209 W 9th St, Muncie, IN, 47302 offers a 14.42% rental yield on a $129,900 purchase with $1,561/mo rent. Total monthly income registers $1,561/mo, and a $636/mo payment leaves $781/mo available for distribution. Annual cash flow reaches $9,372/yr on $43,062 to close, and return on cash invested stands at 41.67% in year one. Equity gained on principal adds $838/yr while 5% annual appreciation supports $35,889 over five years. Portfolio math shows five-year ROI at 219.44% and total cumulative return in cash at $94,495. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,561/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1929
5,227 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 |
|---|---|---|
| 2025-05-29 | Listed for sale | $129,900 |
| 2023-05-03 | Listing removed | N/A |
| 2023-04-25 | Listed for rent | $1,200 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-30 | $1060.00 | 20.73% | $63,600 | 20.00% |
| 2023-05-30 | $877.98 | 438.70% | $53,000 | 20.73% |
| 2022-05-30 | $162.98 | 13.18% | $43,900 | 169.33% |
Listed by: Christopher Oaks • Highgarden Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22041708
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-30 08:03:06 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
