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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 3202 S Pershing Dr, Muncie, IN, 47302 uses $48,068 cash to close to unlock $6,219/yr annual cash flow and $518/mo monthly cash flow. Total monthly income runs $1,389/mo, and a $710/mo payment keeps the spread at $518/mo. Purchase price stands at $145,000, and rental yield measures 11.5% with $1,389/mo rent. Return on cash invested shows 32.85% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 172.07% and total cumulative return in cash records $82,712. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,389/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 2014
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47302, Muncie, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,894 (100%) |
| Owner Occupied HU | 7,150 (55.5%) |
| Renter Occupied HU | 3,985 (30.9%) |
| Vacant Housing Units | 1,759 (13.6%) |
| Median Home Value | $89,088 |
| Average Home Value | $153,660 |
Residential
11,508
Single Family
11,429
Multi-Family
79
Businesses
580
Date | Event | Price |
|---|---|---|
| 2025-04-25 | Listed for sale | $145,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-25 | $744.02 | 5.09% | $73,700 | -0.41% |
| 2023-04-25 | $707.98 | -40.31% | $74,000 | 5.11% |
| 2022-04-25 | $1186.00 | N/A | $70,400 | 18.92% |
Listed by: Annette Caldwell • RE/MAX at the Crossing.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514492
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.
