3400 W Riggin RdMuncieIN47304
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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
Investment Highlights
Investment property for sale in Muncie at 3400 W Riggin Rd, Muncie, IN, 47304 listed at $257,500 pairs $2,387/mo rent with a $1,260/mo payment to leave $842/mo cash flow. Total monthly income runs $2,387/mo, and annual cash flow reaches $10,099/yr on $85,361 cash to close. Return on cash invested measures 31.74% in year one, and rental yield registers 11.12% at a $257,500 basis. Equity gained on principal adds $1,662/yr, and annual property appreciation at 5% supports $71,143 by year five. Five-year ROI tracks 166.07% and total cumulative return in cash totals $141,757. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,387/mo property income relative to a $1,260/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1999
5,227 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
14,165
Single Family
13,054
Multi-Family
1,111
Businesses
706
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