3603 N Lakeside DrMuncieIN47304
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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 3603 N Lakeside Dr, Muncie, IN, 47304 uses $51,349 cash to close to unlock $7,684/yr annual cash flow and $640/mo monthly cash flow. Total monthly income runs $1,570/mo, and a $758/mo payment keeps the spread at $640/mo. Purchase price stands at $154,900, and rental yield measures 12.16% with $1,570/mo rent. Return on cash invested shows 34.87% in year one, and 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 182.93% and total cumulative return in cash records $93,932. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,570/mo property income covering a $758/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A 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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