5002 E Fairway DrMuncieIN47302
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 5002 E Fairway Dr, Muncie, IN, 47302 in Muncie is narrow, $124/mo net on $1,630/mo rent after the $1,034/mo debt service, but the property operates at break-even-plus, not a loss. At $230,000 with a 8.5% yield, the long-run equity case via 5% appreciation ($63,545 over five years) and $2,118/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.58 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $95,626.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.8% |
| Monthly Cash Flow | $124 | $450 |
City averages based on Muncie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,630 |
| Total Monthly Debt Service | $1,414 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2001
8,276 sqft lot
$N/A/sqft
$125 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47302, Muncie, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,508
Single Family
11,429
Multi-Family
79
Businesses
580
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2001
8,276 sqft lot
$N/A/sqft
$125 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47302, Muncie, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,508
Single Family
11,429
Multi-Family
79
Businesses
580
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bronwyn Wuthrich • NextHome Elite Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519855
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.