422 S Hutchinson AveMuncieIN47303
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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 422 S Hutchinson Ave, Muncie, IN, 47303 earns $420/mo cash flow from $1,500/mo rent with a $881/mo payment. Total monthly income totals $1,500/mo, and annual cash flow totals $5,035/yr on $59,637 capital. ROI tracks 28.35% on current figures, and rental yield reads 10.01% at a $179,900 purchase. Equity gained on principal adds $1,161/yr, and 5% annual appreciation supports $49,703 over five years. Five-year ROI reaches 147.89% and total cumulative return in cash sums $88,197. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,500/mo property income instead of your personal income.
Single Family
Built in 1927
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47303, Muncie, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,763 (100%) |
| Owner Occupied HU | 5,209 (44.3%) |
| Renter Occupied HU | 5,107 (43.4%) |
| Vacant Housing Units | 1,447 (12.3%) |
| Median Home Value | $126,994 |
| Average Home Value | $156,121 |
Housing Distribution
Address Breakdown
Residential
10,581
Single Family
9,579
Multi-Family
1,002
Businesses
776
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