502-504 S Mound StMuncieIN47305
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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 502-504 S Mound St, Muncie, IN, 47305 earns $474/mo cash flow from $1,128/mo rent with a $533/mo payment. Total monthly income totals $1,128/mo, and annual cash flow totals $5,692/yr on $36,100 capital. ROI tracks 35.68% on current figures, and rental yield reads 12.43% at a $108,900 purchase. Equity gained on principal adds $703/yr, and 5% annual appreciation supports $30,087 over five years. Five-year ROI reaches 187.22% and total cumulative return in cash sums $67,586. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,128/mo property income instead of your personal income.
Multi Family
Built in 1890
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47305, Muncie, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,432 (100%) |
| Owner Occupied HU | 511 (21.0%) |
| Renter Occupied HU | 1,264 (52.0%) |
| Vacant Housing Units | 657 (27.0%) |
| Median Home Value | $72,209 |
| Average Home Value | $102,931 |
Housing Distribution
Address Breakdown
Residential
1,640
Single Family
1,471
Multi-Family
169
Businesses
368
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