3934 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
Rental property for sale in Muncie at 3934 N Lakeside Dr, Muncie, IN, 47304 priced at $157,000 converts $1,239/mo rent into $37/mo cash flow after a $768/mo obligation. Total monthly income equals $1,239/mo, and annual cash flow totals $444/yr on $52,046 invested. Return on cash invested prints 20.76% in year one, and rental yield reads 9.47% against a $157,000 entry. Equity gained on principal adds $1,013/yr, while 5% annual appreciation compiles into $43,376 by year five. Five-year ROI reaches 109.33% and total cumulative return in cash sums $56,900. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,239/mo property income covering a $768/mo payment, not borrower’s personal income.
Single Family
Built in 1989
N/A lot
$N/A/sqft
$260 monthly 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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Listed by: Steve Slavin • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509347
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.