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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 2601 E Summerview Dr #SUM2601, Muncie, IN, 47303 uses $50,388 cash to close to unlock $3,030/yr annual cash flow and $253/mo monthly cash flow. Total monthly income runs $1,165/mo, and a $744/mo payment keeps the spread at $253/mo. Purchase price stands at $152,000, and rental yield measures 9.2% with $1,165/mo rent. Return on cash invested shows 25.92% in year one, and 5% annual appreciation builds toward $41,995 over five years. Five-year ROI reaches 134.91% and total cumulative return in cash records $67,978. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,165/mo property income covering a $744/mo payment rather than investor’s personal income.
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47303, Muncie, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,763 (100%) |
| Owner Occupied HU | 5,209 (44.3%) |
| Renter Occupied HU | 5,107 (43.4%) |
| Vacant Housing Units | 1,447 (12.3%) |
| Median Home Value | $126,994 |
| Average Home Value | $156,121 |
Residential
10,581
Single Family
9,579
Multi-Family
1,002
Businesses
776
Date | Event | Price |
|---|---|---|
| 2024-12-22 | Listing removed | $61,100 |
| 2024-11-25 | Listed for sale | $61,100 |
| 2024-11-18 | Listing removed | $61,100 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • N/A
Mls Name: RHP Properties
Mls Provider:
Mls ID: #N/A
