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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 2900 S Chippewa Ln, Muncie, IN, 47302 uses $41,404 cash to close to unlock $4,603/yr annual cash flow and $384/mo monthly cash flow. Total monthly income runs $1,133/mo, and a $611/mo payment keeps the spread at $384/mo. Purchase price stands at $124,900, and rental yield measures 10.89% with $1,133/mo rent. Return on cash invested shows 31.03% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 162.27% and total cumulative return in cash records $67,186. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,133/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1950
7,405 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Brody Tarter • Re/Max Evolve
Mls Name: RLMS
Mls ID: #10052264
