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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 2317 W Sherman Dr, Muncie, IN, 47304 offers a 9.32% rental yield on a $215,000 purchase with $1,669/mo rent. Total monthly income registers $1,669/mo, and a $1,052/mo payment leaves $379/mo available for distribution. Annual cash flow reaches $4,545/yr on $71,273 to close, and return on cash invested stands at 26.29% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 136.78% and total cumulative return in cash at $97,489. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,669/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47304, Muncie, IN area.
| 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 |
Residential
14,165
Single Family
13,054
Multi-Family
1,111
Businesses
706
Date | Event | Price |
|---|---|---|
| 2025-06-30 | Sold | $215,000 |
| 2025-05-20 | Pending sale | $210,000 |
| 2025-05-16 | Listed for sale | $210,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-29 | $1454.00 | 9.16% | $144,800 | N/A |
| 2023-10-29 | $1331.96 | 17.66% | $144,800 | 9.20% |
| 2022-10-29 | $1132.00 | 18.04% | $132,600 | 17.76% |
Listed by: Steven Prybylla • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517981
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.
