5002 E Fairway DrMuncieIN47302
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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
Investment property for sale in Muncie at 5002 E Fairway Dr, Muncie, IN, 47302 uses $76,245 cash to close to unlock $1,489/yr annual cash flow and $124/mo monthly cash flow. Total monthly income runs $1,630/mo, and a $1,126/mo payment keeps the spread at $124/mo. Purchase price stands at $230,000, and rental yield measures 8.5% with $1,630/mo rent. Return on cash invested shows 21.86% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 113.83% and total cumulative return in cash records $86,791. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,630/mo property income covering a $1,126/mo payment rather than investor’s personal income.
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
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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.