221 E 6th St, Muncie, IN, 47302 | $185/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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221 E 6th St, Muncie, IN, 47302 | $185/mo Cash Flow | Ziffy

For Sale

Rental Income

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

Investment property for sale in Muncie at 221 E 6th St, Muncie, IN, 47302 listed at $148,000 pairs $1,073/mo rent with a $724/mo payment to leave $185/mo cash flow. Total monthly income runs $1,073/mo, and annual cash flow reaches $2,220/yr on $49,062 cash to close. Return on cash invested measures 24.43% in year one, and rental yield registers 8.7% at a $148,000 basis. Equity gained on principal adds $955/yr, and annual property appreciation at 5% supports $40,890 by year five. Five-year ROI tracks 126.85% and total cumulative return in cash totals $62,234. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,073/mo property income relative to a $724/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 1902

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

This duplex offers a fantastic opportunity for both new and experienced investors to capitalize on Muncie's strong and growing real estate market. With a consistent demand for rental properties fueled by Ball State University, local businesses, and a stable community, this duplex is a smart, strategic investment designed for immediate cash flow and long-term appreciation. Investment Highlights: High Rental Demand: Muncie's rental market is robust, with a diverse tenant base keeping occupancy rates high. The city's average rent is significantly lower than the national average, attracting a steady stream of renters seeking quality, affordable housing. Seller's Market: The Muncie real estate market is currently a seller's market, with home values increasing year-over-year. This indicates a healthy market with excellent potential for your investment to grow in value over time. Accessible Investment: The median home price in Muncie provides a more affordable entry point for real estate investors, allowing for a higher potential return on investment.

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