4830 E Heritage CirMuncieIN47303
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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 4830 E Heritage Cir, Muncie, IN, 47303 priced at $147,900 converts $1,342/mo rent into $289/mo cash flow after a $724/mo obligation. Total monthly income equals $1,342/mo, and annual cash flow totals $3,469/yr on $49,029 invested. Return on cash invested prints 26.98% in year one, and rental yield reads 10.89% against a $147,900 entry. Equity gained on principal adds $954/yr, while 5% annual appreciation compiles into $40,862 by year five. Five-year ROI reaches 142.12% and total cumulative return in cash sums $69,679. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,342/mo property income covering a $724/mo payment, not borrower’s personal income.
Condo
Built in 1996
N/A lot
$N/A/sqft
$165 monthly 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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Listed by: Rich Lee • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514678
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.