3504 W Torquay Rd, Muncie, IN, 47304 | $146/mo Cash Flow

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3504 W Torquay Rd, Muncie, IN, 47304 | $146/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Muncie at 3504 W Torquay Rd, Muncie, IN, 47304 earns $146/mo cash flow from $1,706/mo rent with a $1,272/mo payment. Total monthly income totals $1,706/mo, and annual cash flow totals $1,751/yr on $86,157 capital. ROI tracks 21.94% on current figures, and rental yield reads 7.88% at a $259,900 purchase. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 over five years. Five-year ROI reaches 113.5% and total cumulative return in cash sums $97,786. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,706/mo property income instead of your personal income.

Single Family

Built in 1963

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

Dont miss out on this full-brick, 3-bedroom, 2-bath home with many recent updates, situated on a corner lot. As you enter from the covered front porch, you are welcomed into the spacious living room, where large windows allow for ample natural light. Off the living room is the eat-in kitchen, completely updated in 2023, featuring granite countertops, a tile backsplash, white cabinetry with soft-close drawers, six pullout drawers, a corner lazy Susan, an organizer drawer, and an appliance pantry/garage. The kitchen also includes under-cabinet lighting, and there is a pantry closet just off the dining area. Adjacent to the kitchen is the family room, which features a gas log fireplace. From here, you can access the 3-season room with updated electrical and replacement windowsperfect for relaxing. Also located off the family room is the dedicated laundry room with workspace and a sink, as well as access to the attached two-car garage. The main bathroom was fully remodeled in 2024 and boasts a double 72 vanity with soft-close drawers (including one with a pullout electrical plug) and a shower/tub combination. The owners suite includes a full bath with a walk-in shower. Two additional bedrooms provide ample living space. The backyard is fully fenced with chain-link fencing and includes a storage shed. Additional updates include Pergo vinyl plank flooring in several areas, a furnace and central air unit replaced in 2017 by Alaska Heating & Cooling, and replacement windows throughout (except for two in the garage). Located in a quiet NW Muncie neighborhood, close to Ball State University and Ball Memorial Hospital. Checkout the Matterport 3D Virtual Tour.

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