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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% |
Rental property for sale in Muncie at 2601 W Godman Ave, Muncie, IN, 47303 generates $1,000/mo in rent and, after a $636/mo payment, leaves $220/mo in cash flow. Total monthly income is $1,000/mo, and annual cash flow is $2,639/yr on $43,095 invested. Return on cash invested sits at 26.03% in year one, and rental yield is 9.23% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 135.45% and total cumulative return in cash sums $58,371. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,000/mo property income rather than buyer’s personal income.
Single Family
Built in 1915
0.27 Acres 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 |
|---|---|---|
| 2025-07-14 | Listed for sale | $130,000 |
| 2021-07-19 | Sold | $95,000 |
| 2021-06-07 | Pending sale | $92,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-15 | $962.02 | 22.71% | $98,500 | 2.39% |
| 2023-07-15 | $784.00 | 13.46% | $96,200 | 22.70% |
| 2022-07-15 | $691.00 | -50.00% | $78,400 | 13.46% |
Listed by: Susan Volbrecht • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202527253
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.
