2301 W Norwood DrMuncieIN47304
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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 2301 W Norwood Dr, Muncie, IN, 47304 earns $326/mo cash flow from $1,491/mo rent with a $950/mo payment. Total monthly income totals $1,491/mo, and annual cash flow totals $3,912/yr on $64,311 capital. ROI tracks 25.99% on current figures, and rental yield reads 9.22% at a $194,000 purchase. Equity gained on principal adds $1,252/yr, and 5% annual appreciation supports $53,599 over five years. Five-year ROI reaches 135.2% and total cumulative return in cash sums $86,948. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,491/mo property income instead of your personal income.
Single Family
Built in 1960
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47304, Muncie, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,248 (100%) |
| Owner Occupied HU | 8,917 (62.6%) |
| Renter Occupied HU | 4,021 (28.2%) |
| Vacant Housing Units | 1,310 ( 9.2%) |
| Median Home Value | $182,063 |
| Average Home Value | $213,231 |
Housing Distribution
Address Breakdown
Residential
14,165
Single Family
13,054
Multi-Family
1,111
Businesses
706
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Listed by: Kari Blevins • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523234
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.