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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 4208 W Nightingale Way, Muncie, IN, 47304 priced at $230,000 pairs $2,261/mo rent with $880/mo cash flow after a $1,126/mo payment. Total monthly income equals $2,261/mo, and annual cash flow comes to $10,561/yr on $76,245 invested. Return on cash invested is 33.76% in year one, and rental yield stands at 11.8% on a $230,000 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,545 by year five. Five-year ROI measures 176.94% and total cumulative return in cash reaches $134,911. For financing, Ziffy Mortgage’s DSCR program evaluates $2,261/mo property income against a $1,126/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
9,147 sqft 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 |
|---|---|---|
| 2024-11-25 | Sold | $230,000 |
| 2024-10-21 | Pending sale | $244,900 |
| 2024-10-11 | Listed for sale | $244,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $1806.00 | 7.69% | $176,100 | -2.49% |
| 2023-10-21 | $1676.98 | 8.40% | $180,600 | 7.69% |
| 2022-10-21 | $1546.98 | 12.18% | $167,700 | 8.40% |
Listed by: Austin Rich • NextHome Elite Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202433352
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.
