2305 N Kensington WayMuncieIN47304
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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 2305 N Kensington Way, Muncie, IN, 47304 uses $122,622 cash to close to unlock $2,014/yr annual cash flow and $168/mo monthly cash flow. Total monthly income runs $2,402/mo, and a $1,810/mo payment keeps the spread at $168/mo. Purchase price stands at $369,900, and rental yield measures 7.79% with $2,402/mo rent. Return on cash invested shows 21.55% in year one, and 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 111.44% and total cumulative return in cash records $136,654. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,402/mo property income covering a $1,810/mo payment rather than investor’s personal income.
Single Family
Built in 1989
0.49 Acres 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: Michael Lambert • Leading Home Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524093
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.