411-413 W Adams St, Muncie, IN, 47305 | $181/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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411-413 W Adams St, Muncie, IN, 47305 | $181/mo Cash Flow | Ziffy

For Sale

Currently Rented

Rental Income

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

Investment property for sale in Muncie at 411-413 W Adams St, Muncie, IN, 47305 listed at $109,900 pairs $841/mo rent with a $538/mo payment to leave $181/mo cash flow. Total monthly income runs $841/mo, and annual cash flow reaches $2,174/yr on $36,432 cash to close. Return on cash invested measures 25.88% in year one, and rental yield registers 9.18% at a $109,900 basis. Equity gained on principal adds $709/yr, and annual property appreciation at 5% supports $30,363 by year five. Five-year ROI tracks 134.7% and total cumulative return in cash totals $49,072. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $841/mo property income relative to a $538/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1900

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Fully leased duplex in the heart of Muncie's Old West End with stable income and great investment potential! This two-unit property features a 2BR/1.5BA unit (411) and a 1BR/1BA unit (413), both rented through April 30th, 2026 for immediate cash flow. Recent updates include a new wood front porch posts and step railing, new concrete sidewalk, and an updated bathroom in Unit 413. A rare advantage for this area is a 1-car detached garage with additional workshop space, plus 3 off street parking spots. This home also offers a deck on the back for tenants to share and a partial basement, ideal for mechanical access and storage. Current rents total $1,535/mo. with utilities included, with upside potential in the 411 unit when the lease term ends. This is a great opportunity to build equity while benefiting from consistent rental income. Prime location near downtown amenities, restaurants, and campus.

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