2907 S Franklin 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 2907 S Franklin St, Muncie, IN, 47302 with 5% annual appreciation on a $109,900 basis while $929/mo rent supports operations. Total monthly income totals $929/mo and a $538/mo payment preserves $269/mo for cash returns. Annual cash flow comes to $3,230/yr on $36,432 deployed, and return on cash invested reaches 28.78% in year one. Equity gained on principal adds $709/yr, and five-year appreciation sums $30,363 alongside rental yield of 10.14%. Five-year ROI measures 150.28% and total cumulative return in cash totals $54,748.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $929/mo property income versus a $538/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
3,920 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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Listed by: Brad Taflinger • The Taflinger Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439587
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.