4501 N Wheeling Ave #2-104, Muncie, IN, 47303 | $205/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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4501 N Wheeling Ave #2-104, Muncie, IN, 47303 | $205/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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4501 N Wheeling Ave #7A-304, Muncie, IN, 47304

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

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Investment Highlights

Investment property for sale in Muncie at 4501 N Wheeling Ave #2-104, Muncie, IN, 47303 offers a 9.54% rental yield on a $104,900 purchase with $834/mo rent. Total monthly income registers $834/mo, and a $513/mo payment leaves $205/mo available for distribution. Annual cash flow reaches $2,457/yr on $34,774 to close, and return on cash invested stands at 26.97% in year one. Equity gained on principal adds $677/yr while 5% annual appreciation supports $28,982 over five years. Portfolio math shows five-year ROI at 140.5% and total cumulative return in cash at $48,858. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $834/mo property income against a $513/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1970

N/A lot

$N/A/sqft

No HOA

More details about the property

Check out this 2br 2ba 1500 sqft, 1st floor unit in Halteman Villas offering the very best of maintenance free living, with tons to love about the home and the community. The home features 2 large bedrooms, a large family and dining area, new laminate flooring throughout, 2 large bathrooms with an En Suite, and a wonderful first floor porch area ideal for relaxing or entertaining. The home also features a 5 year old furnace and AC, all appliances including the washer and dryer stay, new windows, home is move in ready. There is one basement garage spot, with plenty of parking for another vehicle, additional storage in the building and in the garage are also available. Amenities for the community include a pool, clubhouse, 24hr front gate security, mowing and snow removal included for $345 per month.

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