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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% |
Rental property for sale in Muncie at 4904 W Elmview Ct, Muncie, IN, 47302 priced at $144,000 pairs $1,651/mo rent with $786/mo cash flow after a $705/mo payment. Total monthly income equals $1,651/mo, and annual cash flow comes to $9,437/yr on $47,736 invested. Return on cash invested is 39.68% in year one, and rental yield stands at 13.76% on a $144,000 basis. Equity gained on principal adds $929/yr, and 5% annual appreciation accumulates to $39,785 by year five. Five-year ROI measures 208.69% and total cumulative return in cash reaches $99,618. For financing, Ziffy Mortgage’s DSCR program evaluates $1,651/mo property income against a $705/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47302, Muncie, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,894 (100%) |
| Owner Occupied HU | 7,150 (55.5%) |
| Renter Occupied HU | 3,985 (30.9%) |
| Vacant Housing Units | 1,759 (13.6%) |
| Median Home Value | $89,088 |
| Average Home Value | $153,660 |
Residential
11,508
Single Family
11,429
Multi-Family
79
Businesses
580
Date | Event | Price |
|---|---|---|
| 2024-12-20 | Sold | $144,000 |
| 2024-11-26 | Pending sale | $149,900 |
| 2024-11-11 | Listed for sale | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $263.48 | 1.75% | $95,600 | N/A |
| 2023-10-21 | $258.96 | 1.67% | $95,600 | -0.93% |
| 2022-10-21 | $254.70 | -51.54% | $96,500 | 11.95% |
Listed by: Curtis Cunningham • Wagner Auctioneering and Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202434173
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.
