313 S Rambler RdMuncieIN47304
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
Investment Highlights
Investment property for sale in Muncie at 313 S Rambler Rd, Muncie, IN, 47304 with 5% annual appreciation on a $248,000 basis while $2,216/mo rent supports operations. Total monthly income totals $2,216/mo and a $1,214/mo payment preserves $719/mo for cash returns. Annual cash flow comes to $8,634/yr on $82,212 deployed, and return on cash invested reaches 30.41% in year one. Equity gained on principal adds $1,600/yr, and five-year appreciation sums $68,518 alongside rental yield of 10.72%. Five-year ROI measures 158.99% and total cumulative return in cash totals $130,710.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,216/mo property income versus a $1,214/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47304, Muncie, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
14,165
Single Family
13,054
Multi-Family
1,111
Businesses
706
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Buckner • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437336
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.