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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 500 N Chinquapin Way, Muncie, IN, 47304 generates $2,210/mo in rent and, after a $1,297/mo payment, leaves $619/mo in cash flow. Total monthly income is $2,210/mo, and annual cash flow is $7,429/yr on $87,848 invested. Return on cash invested sits at 28.37% in year one, and rental yield is 10.01% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 147.98% and total cumulative return in cash sums $129,999. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,210/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
0.34 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 |
|---|---|---|
| 2025-03-18 | Listed for sale | $265,000 |
| 2021-05-17 | Sold | $189,000 |
| 2021-03-30 | Pending sale | $189,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-20 | $2200.98 | 19.17% | $220,100 | N/A |
| 2023-03-20 | $1846.98 | 8.90% | $220,100 | 19.17% |
| 2022-03-20 | $1695.98 | -0.00% | $184,700 | 8.90% |
Listed by: Laura Amlin • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508813
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.
