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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 3104 W Amherst Rd, Muncie, IN, 47304 generates $1,620/mo in rent and, after a $930/mo payment, leaves $479/mo in cash flow. Total monthly income is $1,620/mo, and annual cash flow is $5,753/yr on $62,985 invested. Return on cash invested sits at 29.04% in year one, and rental yield is 10.23% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 151.62% and total cumulative return in cash sums $95,496. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,620/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47304, Muncie, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,248 (100%) |
| Owner Occupied HU | 8,917 (62.6%) |
| Renter Occupied HU | 4,021 (28.2%) |
| Vacant Housing Units | 1,310 ( 9.2%) |
| Median Home Value | $182,063 |
| Average Home Value | $213,231 |
Residential
14,165
Single Family
13,054
Multi-Family
1,111
Businesses
706
Date | Event | Price |
|---|---|---|
| 2025-05-29 | Listed for sale | $190,000 |
| 2011-07-05 | Sold | $29,000 |
| 2011-05-27 | Listed for sale | $28,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-30 | $1154.98 | 12.24% | $124,900 | 8.14% |
| 2023-05-30 | $1029.00 | 13.70% | $115,500 | 12.24% |
| 2022-05-30 | $905.02 | 16.78% | $102,900 | 13.70% |
Listed by: Laura Wright • PPG Real Estate LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520048
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.
