405 N Pershing DrMuncieIN47305
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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 405 N Pershing Dr, Muncie, IN, 47305 at $104,000 posts ROI 62.54% with $1,225/mo cash flow from $1,849/mo rent. Total monthly income equals $1,849/mo, and annual cash flow records $14,697/yr on $34,476 to close. Return on cash invested measures 62.54% and rental yield reads 21.33% at the current $104,000. Equity gained on principal adds $671/yr, and 5% annual appreciation supports $28,733 by year five. Five-year ROI prints 331.26% and total cumulative return in cash totals $114,204.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,849/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1885
5,227 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 47305, Muncie, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,432 (100%) |
| Owner Occupied HU | 511 (21.0%) |
| Renter Occupied HU | 1,264 (52.0%) |
| Vacant Housing Units | 657 (27.0%) |
| Median Home Value | $72,209 |
| Average Home Value | $102,931 |
Housing Distribution
Address Breakdown
Residential
1,640
Single Family
1,471
Multi-Family
169
Businesses
368
Price History
Date | Event | Price |
|---|---|---|
| 2025-10-21 | Sold | $104,000 |
| 2025-09-18 | Pending sale | $104,000 |
| 2025-08-29 | Listed for sale | $104,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $610.00 | 8.54% | $80,500 | 31.97% |
| 2023-10-26 | $561.98 | -7.87% | $61,000 | 8.54% |
| 2022-10-26 | $610.00 | -39.96% | $56,200 | -7.87% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1885
- Architectural Style: N/A
- Building Area: 2,416
- Living Area: 1,600 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air
- Cooling: Central Air
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Detached
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: City
- Water Source: City
- Road Surface Type: N/A
School Information
- Elementary School: East Washington Academy
- Middle School: Northside
- High School: Central
Listed by: Jennifer Whittenburg • RE/MAX at the Crossing.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202534855
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.