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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 3209 W 28th St, Muncie, IN, 47302 generates $1,247/mo in rent and, after a $734/mo payment, leaves $347/mo in cash flow. Total monthly income is $1,247/mo, and annual cash flow is $4,162/yr on $49,692 invested. Return on cash invested sits at 28.29% in year one, and rental yield is 9.98% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 147.55% and total cumulative return in cash sums $73,319. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,247/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.48 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Pam Jefferson • F.C. Tucker Muncie, REALTORS
Mls Name: IRMLS
Mls ID: #202543213
