2616 E Brookway Dr #BRO2616MuncieIN47303
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 2616 E Brookway Dr #BRO2616, Muncie, IN, 47303 in Muncie. At $152,000 it earns $1,165/mo in rent and distributes $253/mo to the owner after the $683/mo payment, a consistent 9.2% yield. DSCR 1.71 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $41,995 in value; $1,400/yr in principal paydown compounds ownership stake. Total projected return: $73,829.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.8% |
| Monthly Cash Flow | $253 | $450 |
City averages based on Muncie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,165 |
| Total Monthly Debt Service | $852 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47303, Muncie, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,581
Single Family
9,579
Multi-Family
1,002
Businesses
776
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47303, Muncie, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,581
Single Family
9,579
Multi-Family
1,002
Businesses
776
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
