312 S Gharkey StMuncieIN47305
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 312 S Gharkey St, Muncie, IN, 47305 in Muncie is narrow, $167/mo net on $767/mo rent after the $450/mo debt service, but the property operates at break-even-plus, not a loss. At $100,000 with a 9.2% yield, the long-run equity case via 5% appreciation ($27,628 over five years) and $921/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.70 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $48,593.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.8% |
| Monthly Cash Flow | $167 | $450 |
City averages based on Muncie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $767 |
| Total Monthly Debt Service | $561 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1910
2,613 sqft 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
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
Single Family
Built in 1910
2,613 sqft 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