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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% |
Investment property for sale in Muncie at 425 N Cherry Wood Ln, Muncie, IN, 47304 uses $115,992 cash to close to unlock $1,310/yr annual cash flow and $109/mo monthly cash flow. Total monthly income runs $2,210/mo, and a $1,713/mo payment keeps the spread at $109/mo. Purchase price stands at $349,900, and rental yield measures 7.58% with $2,210/mo rent. Return on cash invested shows 21.04% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 108.68% and total cumulative return in cash records $126,054. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,210/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.55 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 |
|---|---|---|
| 2025-04-18 | Listed for sale | $349,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Corben Price • NextHome Elite Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513517
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.
