400 W Skyway Dr, Muncie, IN, 47303 | $538/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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400 W Skyway Dr, Muncie, IN, 47303 | $538/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

Rental property for sale in Muncie at 400 W Skyway Dr, Muncie, IN, 47303 offers $1,996/mo rent that, after a $1,189/mo payment, leaves $538/mo cash flow. Total monthly income is $1,996/mo, and annual cash flow is $6,453/yr on $80,521 cash. Return on cash invested measures 27.92% in year one, and rental yield stands at 9.86% at a $242,900 entry. Equity gained on principal adds $1,567/yr while 5% annual appreciation compounds into $67,109 by year five. Five-year ROI records 145.57% and total cumulative return in cash reaches $117,217. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,996/mo property income versus a $1,189/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1977

9,147 sqft lot

$N/A/sqft

No HOA

More details about the property

Well cared for 3 bed 2 1/2 bath home conveniently located near shopping, restaurants, and the Cardinal Greenway. Upon entering your greeted by a spacious living room with a vaulted ceiling and plenty of natural light shining through the south facing window. The dining room leads you to the updated kitchen with timeless subway tile back splash, quartz counter tops imported from Jerusalem, stylish cabinetry, and stainless steel appliances. The second living area is spacious as well with a fireplace and crown molding. The main level is rounded out with a half bath/laundry combo. The second story has all three bedrooms, each with nice sized closets. The master bedroom has its own master bath with standup shower. The second full bath is upstairs. The back yard is perfect for relaxing or entertaining and has two separate concrete patio areas. One patio is directly off the kitchen and perfect for your grill, smoker, or griddle. The other patio is directly off the back living room area. This home has been well cared for by the current and previous owners. This home has nice flooring throughout and was professionally painted inside in 2022. The HVAC system was replaced in 2022 and has UV Light System providing better air quality throughout the home. The washer and dryer were new in 2022, the refrigerator was new in 2023, and the dishwasher and microwave were just replaced this month. This a truly move in ready home with updated systems for piece of mind.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47303, Muncie, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,763 (100%)
Owner Occupied HU	5,209 (44.3%)
Renter Occupied HU	5,107 (43.4%)
Vacant Housing Units	1,447 (12.3%)
Median Home Value	$126,994
Average Home Value	$156,121