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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 3217 W Oaklyn Ave, Muncie, IN, 47304 offers $2,140/mo rent that, after a $827/mo payment, leaves $1,097/mo cash flow. Total monthly income is $2,140/mo, and annual cash flow is $13,165/yr on $56,024 cash. Return on cash invested measures 43.41% in year one, and rental yield stands at 15.2% at a $169,000 entry. Equity gained on principal adds $1,091/yr while 5% annual appreciation compounds into $46,692 by year five. Five-year ROI records 228.92% and total cumulative return in cash reaches $128,251. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,140/mo property income versus a $827/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1939
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47304, Muncie, IN area.
| 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 |
Residential
14,165
Single Family
13,054
Multi-Family
1,111
Businesses
706
Date | Event | Price |
|---|---|---|
| 2024-10-08 | Listing removed | $220,000 |
| 2024-07-14 | Price change | $220,000 |
| 2024-06-29 | Listed for sale | $230,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $1745.00 | 15.64% | $169,000 | 0.90% |
| 2023-10-21 | $1508.98 | 31.67% | $167,500 | 16.24% |
| 2022-10-21 | $1146.02 | 5.14% | $144,100 | 32.93% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
