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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 305 N Ellis Rd, Muncie, IN, 47303 generates $1,482/mo in rent and, after a $759/mo payment, leaves $551/mo in cash flow. Total monthly income is $1,482/mo, and annual cash flow is $6,615/yr on $51,383 invested. Return on cash invested sits at 32.78% in year one, and rental yield is 11.47% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 171.73% and total cumulative return in cash sums $88,240. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,482/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
0.28 Acres 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 |
|---|---|---|
| 2025-05-02 | Listed for sale | $155,000 |
| 2005-09-30 | Sold | $74,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-03 | $75.06 | -27.06% | $81,000 | 8.72% |
| 2023-05-03 | $102.90 | 92.05% | $74,500 | -0.93% |
| 2022-05-03 | $53.58 | 528.87% | $75,200 | 3.58% |
Listed by: Cortney Felton • NextHome Elite Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515745
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.
