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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 2904 S Meeker Ave, Muncie, IN, 47302 priced at $135,000 converts $965/mo rent into $154/mo cash flow after a $661/mo obligation. Total monthly income equals $965/mo, and annual cash flow totals $1,852/yr on $44,753 invested. Return on cash invested prints 24.05% in year one, and rental yield reads 8.58% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 124.87% and total cumulative return in cash sums $55,885. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $965/mo property income covering a $661/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.35 Acres 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 |
|---|---|---|
| 2025-04-10 | Pending sale | $135,000 |
| 2025-04-06 | Price change | $135,000 |
| 2025-04-03 | Listed for sale | $127,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-16 | $755.90 | -19.89% | $112,900 | 15.68% |
| 2023-04-16 | $943.58 | 35.63% | $97,600 | 0.72% |
| 2022-04-16 | $695.70 | 111.99% | $96,900 | 10.49% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
