415 W Howard StMuncieIN47305
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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 415 W Howard St, Muncie, IN, 47305 generates $1,179/mo in rent and, after a $627/mo payment, leaves $411/mo in cash flow. Total monthly income is $1,179/mo, and annual cash flow is $4,934/yr on $42,432 invested. Return on cash invested sits at 31.54% in year one, and rental yield is 11.05% on a $128,000 entry. Equity gained on principal adds $826/yr, while 5% annual appreciation builds toward $35,364 over five years. Five-year ROI reaches 165.04% and total cumulative return in cash sums $70,031. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,179/mo property income rather than buyer’s personal income.
Multi Family
Built in 1905
4,791 sqft lot
$N/A/sqft
No HOA
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
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