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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 3400 W Godman Ave, Muncie, IN, 47304 offers a 10.01% rental yield on a $173,000 purchase with $1,443/mo rent. Total monthly income registers $1,443/mo, and a $847/mo payment leaves $404/mo available for distribution. Annual cash flow reaches $4,851/yr on $57,350 to close, and return on cash invested stands at 28.37% in year one. Equity gained on principal adds $1,116/yr while 5% annual appreciation supports $47,797 over five years. Portfolio math shows five-year ROI at 148.04% and total cumulative return in cash at $84,903. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,443/mo property income against a $847/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1936
8,712 sqft 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 |
|---|---|---|
| 2025-10-14 | Sold | $173,000 |
| 2025-09-02 | Pending sale | $179,988 |
| 2025-08-29 | Price change | $179,988 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $1034.30 | 2.00% | $118,900 | 1.36% |
| 2023-10-16 | $1014.00 | -7.14% | $117,300 | 15.68% |
| 2022-10-16 | $1092.00 | 48.77% | $101,400 | -7.14% |
Listed by: Kerry Wiggerly • Berkshire Hathaway Indiana Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202532185
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.
