2823 S Vine StMuncieIN47302
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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
Investment Highlights
Investment property for sale in Muncie at 2823 S Vine St, Muncie, IN, 47302 earns $177/mo cash flow from $1,005/mo rent with a $675/mo payment. Total monthly income totals $1,005/mo, and annual cash flow totals $2,126/yr on $45,714 capital. ROI tracks 24.56% on current figures, and rental yield reads 8.75% at a $137,900 purchase. Equity gained on principal adds $890/yr, and 5% annual appreciation supports $38,099 over five years. Five-year ROI reaches 127.63% and total cumulative return in cash sums $58,343. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,005/mo property income instead of your personal income.
Single Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47302, Muncie, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,508
Single Family
11,429
Multi-Family
79
Businesses
580
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