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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 3811 N Locust St, Muncie, IN, 47304 listed at $111,000 pairs $1,861/mo rent with a $543/mo payment to leave $1,153/mo cash flow. Total monthly income runs $1,861/mo, and annual cash flow reaches $13,830/yr on $36,797 cash to close. Return on cash invested measures 57.49% in year one, and rental yield registers 20.12% at a $111,000 basis. Equity gained on principal adds $716/yr, and annual property appreciation at 5% supports $30,667 by year five. Five-year ROI tracks 304.73% and total cumulative return in cash totals $112,130. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,861/mo property income relative to a $543/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
0.27 Acres 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 |
|---|---|---|
| 2025-09-26 | Sold | $111,000 |
| 2025-09-08 | Pending sale | $144,900 |
| 2025-08-21 | Listed for sale | $144,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-10 | $1431.00 | 12.24% | $161,600 | 13.40% |
| 2023-10-10 | $1274.96 | 15.59% | $142,500 | 12.29% |
| 2022-10-10 | $1102.98 | 18.60% | $126,900 | 15.68% |
Listed by: Kathy J Smith • NextHome Elite Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202530915
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.
