2308 W Purdue Ave, Muncie, IN, 47304 | $360/mo Cash Flow

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2308 W Purdue Ave, Muncie, IN, 47304 | $360/mo Cash Flow | Ziffy

For Sale

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 2308 W Purdue Ave, Muncie, IN, 47304 offers a 8.73% rental yield on a $284,000 purchase with $2,065/mo rent. Total monthly income registers $2,065/mo, and a $1,390/mo payment leaves $360/mo available for distribution. Annual cash flow reaches $4,323/yr on $94,146 to close, and return on cash invested stands at 24.5% in year one. Equity gained on principal adds $1,833/yr while 5% annual appreciation supports $78,464 over five years. Portfolio math shows five-year ROI at 127.26% and total cumulative return in cash at $119,813. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,065/mo property income against a $1,390/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1960

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this well maintained 4-bedroom, 3-full bathroom residence in Muncie's highly sought-after Halteman Village! You'll immediately appreciate the elegant crown molding gracing much of the home, adding a touch of sophistication. The spacious master suite provides a serene retreat, while all three full bathrooms have been beautifully updated for modern comfort. The heart of this home is its well-appointed kitchen, featuring gleaming stainless steel appliances (which remain!), a convenient breakfast bar, and abundant cabinetry for all your culinary essentials. Enjoy distinct living spaces with a bright living room showcasing a large picture window, and a separate, cozy family room complete with a wood-burning fireplace perfect for gathering. Step outside to discover a wonderful fenced-in backyard with a patio area, ideal for outdoor entertaining or simply relaxing. This home offers exceptional peace of mind with Anderson windows throughout, a newer gas furnace and AC, a newer water heater, and brand new gutters (installed 2025) on the upper level. A 2-car attached garage with tons of storage adds to the convenience. Perfectly situated on Muncie's desirable northside, you're just minutes from shopping and dining. Checkout the 3D virtual tour!

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