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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 48, Muncie, IN, 47304 listed at $244,900 pairs $2,198/mo rent with a $1,199/mo payment to leave $728/mo cash flow. Total monthly income runs $2,198/mo, and annual cash flow reaches $8,731/yr on $81,184 cash to close. Return on cash invested measures 30.66% in year one, and rental yield registers 10.77% at a $244,900 basis. Equity gained on principal adds $1,580/yr, and annual property appreciation at 5% supports $67,661 by year five. Five-year ROI tracks 160.29% and total cumulative return in cash totals $130,133. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,198/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1999
4,500 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Pam Jefferson • F.C. Tucker Muncie, REALTORS
Mls Name: IRMLS
Mls ID: #202536159
