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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% |
Rental property for sale in Muncie at 3404 S Penn St, Muncie, IN, 47302 generates $1,007/mo in rent and, after a $600/mo payment, leaves $271/mo in cash flow. Total monthly income is $1,007/mo, and annual cash flow is $3,255/yr on $40,609 invested. Return on cash invested sits at 27.92% in year one, and rental yield is 9.86% on a $122,500 entry. Equity gained on principal adds $790/yr, while 5% annual appreciation builds toward $33,844 over five years. Five-year ROI reaches 145.68% and total cumulative return in cash sums $59,160. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,007/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
8,755 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47302, Muncie, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,894 (100%) |
| Owner Occupied HU | 7,150 (55.5%) |
| Renter Occupied HU | 3,985 (30.9%) |
| Vacant Housing Units | 1,759 (13.6%) |
| Median Home Value | $89,088 |
| Average Home Value | $153,660 |
Residential
11,508
Single Family
11,429
Multi-Family
79
Businesses
580
Date | Event | Price |
|---|---|---|
| 2025-06-26 | Listed for sale | $122,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-27 | N/A | N/A | $38,400 | N/A |
| 2023-06-27 | N/A | N/A | $38,400 | -0.78% |
| 2022-06-27 | N/A | N/A | $38,700 | 7.20% |
Listed by: Stevie Heiser • Viking Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524573
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.
