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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 302 E Charter Dr, Muncie, IN, 47303 with 5% annual appreciation on a $279,900 basis while $1,882/mo rent supports operations. Total monthly income totals $1,882/mo and a $1,370/mo payment preserves $202/mo for cash returns. Annual cash flow comes to $2,421/yr on $92,787 deployed, and return on cash invested reaches 22.52% in year one. Equity gained on principal adds $1,806/yr, and five-year appreciation sums $77,331 alongside rental yield of 8.07%. Five-year ROI measures 116.6% and total cumulative return in cash totals $108,193.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,882/mo property income versus a $1,370/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2021
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47303, Muncie, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,763 (100%) |
| Owner Occupied HU | 5,209 (44.3%) |
| Renter Occupied HU | 5,107 (43.4%) |
| Vacant Housing Units | 1,447 (12.3%) |
| Median Home Value | $126,994 |
| Average Home Value | $156,121 |
Residential
10,581
Single Family
9,579
Multi-Family
1,002
Businesses
776
Date | Event | Price |
|---|---|---|
| 2025-04-11 | Listed for sale | $279,900 |
| 2024-09-12 | Listing removed | $279,900 |
| 2024-08-23 | Price change | $279,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-14 | $2245.00 | 1.58% | $244,300 | 8.82% |
| 2023-04-14 | $2210.00 | N/A | $224,500 | 1.58% |
| 2022-04-14 | N/A | N/A | $221,000 | N/A |
Listed by: Pam Jefferson • F.C. Tucker Muncie, REALTORS
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512371
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.
