301 S Walnut St APT 206MuncieIN47305
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 301 S Walnut St APT 206, Muncie, IN, 47305 earns $549/mo cash flow from $1,449/mo rent with a $734/mo payment. Total monthly income totals $1,449/mo, and annual cash flow totals $6,586/yr on $49,692 capital. ROI tracks 33.16% on current figures, and rental yield reads 11.6% at a $149,900 purchase. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 over five years. Five-year ROI reaches 173.7% and total cumulative return in cash sums $86,315. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,449/mo property income instead of your personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47305, Muncie, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,432 (100%) |
| Owner Occupied HU | 511 (21.0%) |
| Renter Occupied HU | 1,264 (52.0%) |
| Vacant Housing Units | 657 (27.0%) |
| Median Home Value | $72,209 |
| Average Home Value | $102,931 |
Housing Distribution
Address Breakdown
Residential
1,640
Single Family
1,471
Multi-Family
169
Businesses
368
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices