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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% |
Rental property for sale in Muncie at 405 N Aspen Ln, Muncie, IN, 47304 offers $1,721/mo rent that, after a $832/mo payment, leaves $701/mo cash flow. Total monthly income is $1,721/mo, and annual cash flow is $8,407/yr on $56,355 cash. Return on cash invested measures 34.83% in year one, and rental yield stands at 12.15% at a $170,000 entry. Equity gained on principal adds $1,097/yr while 5% annual appreciation compounds into $46,968 by year five. Five-year ROI records 182.63% and total cumulative return in cash reaches $102,921. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,721/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.46 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 |
|---|---|---|
| 2025-06-25 | Listed for sale | $170,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-26 | $931.88 | 2.00% | $181,500 | 9.93% |
| 2023-06-26 | $913.62 | 2.00% | $165,100 | 11.55% |
| 2022-06-26 | $895.70 | 2.00% | $148,000 | 12.80% |
Listed by: Bronwyn Wuthrich • NextHome Elite Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524373
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.
