5004 W Connie Dr, Muncie, IN, 47304 | $337/mo Cash Flow

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5004 W Connie Dr, Muncie, IN, 47304 | $337/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Muncie at 5004 W Connie Dr, Muncie, IN, 47304 generates $1,897/mo in rent and, after a $1,272/mo payment, leaves $337/mo in cash flow. Total monthly income is $1,897/mo, and annual cash flow is $4,043/yr on $86,157 invested. Return on cash invested sits at 24.6% in year one, and rental yield is 8.76% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 127.75% and total cumulative return in cash sums $110,062. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,897/mo property income rather than buyer’s personal income.

Single Family

Built in 1965

0.45 Acres lot

$N/A/sqft

No HOA

More details about the property

Well-loved 5-bedroom, 3-full-bath home in the Wes-Del school district, situated on nearly half an acre. The kitchen features solid surface countertops, an undermount sink, tile backsplash, peninsula, and eat-in area. There is a formal dining room, a living room, and a separate family room. The spacious owners suite includes a walk-in closet, an additional closet, and a full private bathroom. Upstairs also features a third large full bathroom. The main level offers a 5th bedroom next to a full bathideal for separate living quarters, home office, or recreation space. This bathroom also connects to the utility room with access to the garage. The attached 2.5-car garage is extra wide and deep. Exterior highlights include a new concrete driveway, large covered front porch, spacious concrete back patio, fenced-in backyard with an additional fenced area perfect for pets or a garden, mature fruit trees, and beautiful landscaping, Pella replacement windows and patio doors (2008), garage door (2006), gutter guards, and a new roof (2017). Immediate possession. Located in the eligibility area for USDA buyers.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47304, Muncie, IN area.

Housing Distribution

Housing Statistics

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