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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 422 S Bridge Water Ln, Muncie, IN, 47304 priced at $355,000 converts $2,210/mo rent into $79/mo cash flow after a $1,738/mo obligation. Total monthly income equals $2,210/mo, and annual cash flow totals $942/yr on $117,683 invested. Return on cash invested prints 20.71% in year one, and rental yield reads 7.47% against a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,080 by year five. Five-year ROI reaches 106.89% and total cumulative return in cash sums $125,796. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,210/mo property income covering a $1,738/mo payment, not borrower’s personal income.
Single Family
Built in 2014
0.60 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Robin DeLuca • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22071320
