3313 W Torquay Rd, Muncie, IN, 47304 | $287/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3313 W Torquay Rd, Muncie, IN, 47304 | $287/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Muncie at 3313 W Torquay Rd, Muncie, IN, 47304 uses $53,007 cash to close to unlock $3,441/yr annual cash flow and $287/mo monthly cash flow. Total monthly income runs $1,247/mo, and a $783/mo payment keeps the spread at $287/mo. Purchase price stands at $159,900, and rental yield measures 9.36% with $1,247/mo rent. Return on cash invested shows 26.4% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 137.45% and total cumulative return in cash records $72,858. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,247/mo property income covering a $783/mo payment rather than investor’s personal income.

Single Family

Built in 1946

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover this meticulously updated hard to find home in Muncie NW, offering prime access to Ball State and IU Hospital. Enjoy a quiet neighborhood with convenient proximity to all amenities. The current owners have completed extensive renovations, including new paint and flooring throughout. The exterior features new siding on the breezeway and new garage doors. Infrastructure upgrades are significant, with new water lines installed throughout the house, a new water line from the house to the meter, and a new gas line from the street to the meter. Modern comfort is ensured with a new furnace and central air conditioning. The partial basement now includes a new sump pump, and the crawl space is fully encapsulated. Inside, the bathroom has been completely redone, and several new exterior doors enhance the refreshed feel. The home is equipped with vinyl replacement thermopane windows. The excellent layout includes a spacious living room, a versatile flex room connecting the house and garage, and two generously sized bedrooms. Situated on a corner lot, the property boasts a private backyard and an attached two-car garage. This highly desirable home offers an unbeatable location and is competitively priced for a quick sale.

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