4401 N Redding RdMuncieIN47304
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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 4401 N Redding Rd, Muncie, IN, 47304 generates $1,595/mo in rent, after a $1,414/mo payment. Total monthly income is $1,595/mo. Return on cash invested sits at 18.16% in year one, and rental yield is 6.63% on a $288,900 entry. Equity gained on principal adds $1,864/yr, while 5% annual appreciation builds toward $79,818 over five years. Five-year ROI reaches 93.24% and total cumulative return in cash sums $89,299. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,595/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47304, Muncie, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
14,165
Single Family
13,054
Multi-Family
1,111
Businesses
706
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