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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 3213 S Cherokee Rd, Muncie, IN, 47302 earns $584/mo cash flow from $1,244/mo rent with a $538/mo payment. Total monthly income totals $1,244/mo, and annual cash flow totals $7,010/yr on $36,432 capital. ROI tracks 39.15% on current figures, and rental yield reads 13.58% at a $109,900 purchase. Equity gained on principal adds $709/yr, and 5% annual appreciation supports $30,363 over five years. Five-year ROI reaches 205.94% and total cumulative return in cash sums $75,028. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,244/mo property income instead of your personal income.
Single Family
Built in 1962
9,147 sqft 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 |
|---|---|---|
| 2025-06-30 | Listed for sale | $109,900 |
| 2016-03-10 | Listing removed | N/A |
| 2016-02-09 | Listed for sale | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-01 | $642.98 | 0.78% | $74,400 | 15.71% |
| 2023-07-01 | $638.00 | 11.15% | $64,300 | 0.78% |
| 2022-07-01 | $573.98 | 15.24% | $63,800 | 11.15% |
What's Special
Access Only
Listed by: Mary Cordle • Berkshire Hathaway Home
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22048056
Disclaimer: Based on information submitted to the MLS GRID as of 2025-07-01 07:32:53 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
