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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 Riggin Rd UNIT 10, Muncie, IN, 47304 uses $62,654 cash to close to unlock $5,118/yr annual cash flow and $427/mo monthly cash flow. Total monthly income runs $1,661/mo, and a $925/mo payment keeps the spread at $427/mo. Purchase price stands at $189,000, and rental yield measures 10.55% with $1,661/mo rent. Return on cash invested shows 28.08% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 147.13% and total cumulative return in cash records $92,182. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,661/mo property income covering a $925/mo payment rather than investor’s personal income.
Condo
Built in 1989
4,356 sqft lot
$N/A/sqft
$100 monthly 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 |
|---|---|---|
| 2025-06-24 | Listed for sale | $189,000 |
| 2013-08-27 | Listing removed | $89,900 |
| 2012-11-14 | Listed for sale | $89,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
Pull Down Stairs
Listed by: Laura Amlin • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524132
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.
