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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 2801 S Franklin St, Muncie, IN, 47302 with 5% annual appreciation on a $102,400 basis while $817/mo rent supports operations. Total monthly income totals $817/mo and a $501/mo payment preserves $203/mo for cash returns. Annual cash flow comes to $2,430/yr on $33,946 deployed, and return on cash invested reaches 27.07% in year one. Equity gained on principal adds $661/yr, and five-year appreciation sums $28,291 alongside rental yield of 9.57%. Five-year ROI measures 141.09% and total cumulative return in cash totals $47,893.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $817/mo property income versus a $501/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1915
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47302, Muncie, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,894 (100%) |
| Owner Occupied HU | 7,150 (55.5%) |
| Renter Occupied HU | 3,985 (30.9%) |
| Vacant Housing Units | 1,759 (13.6%) |
| Median Home Value | $89,088 |
| Average Home Value | $153,660 |
Residential
11,508
Single Family
11,429
Multi-Family
79
Businesses
580
Date | Event | Price |
|---|---|---|
| 2025-03-20 | Listed for sale | $102,400 |
| 2025-03-19 | Listing removed | $102,400 |
| 2025-03-03 | Price change | $102,400 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-20 | $418.00 | -13.99% | $20,900 | N/A |
| 2023-03-20 | $485.98 | 5.19% | $20,900 | -13.99% |
| 2022-03-20 | $462.00 | -17.50% | $24,300 | 5.19% |
Listed by: Kira McKinley • McKinley Realty Partners, LLC.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508999
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.
