301 S Walnut St APT 308MuncieIN47305
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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 301 S Walnut St APT 308, Muncie, IN, 47305 uses $68,621 cash to close to unlock $5,623/yr annual cash flow and $469/mo monthly cash flow. Total monthly income runs $1,711/mo, and a $1,013/mo payment keeps the spread at $469/mo. Purchase price stands at $207,000, and rental yield measures 9.92% with $1,711/mo rent. Return on cash invested shows 28.1% in year one, and 5% annual appreciation builds toward $57,190 over five years. Five-year ROI reaches 146.56% and total cumulative return in cash records $100,570. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,711/mo property income covering a $1,013/mo payment rather than investor’s 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
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