513 E Centennial AveMuncieIN47303
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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
Rental property for sale in Muncie at 513 E Centennial Ave, Muncie, IN, 47303 generates $1,031/mo in rent and, after a $609/mo payment, leaves $284/mo in cash flow. Total monthly income is $1,031/mo, and annual cash flow is $3,408/yr on $41,272 invested. Return on cash invested sits at 28.17% in year one, and rental yield is 9.94% on a $124,500 entry. Equity gained on principal adds $803/yr, while 5% annual appreciation builds toward $34,397 over five years. Five-year ROI reaches 146.99% and total cumulative return in cash sums $60,664. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,031/mo property income rather than buyer’s personal income.
Single Family
Built in 1914
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47303, Muncie, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,763 (100%) |
| Owner Occupied HU | 5,209 (44.3%) |
| Renter Occupied HU | 5,107 (43.4%) |
| Vacant Housing Units | 1,447 (12.3%) |
| Median Home Value | $126,994 |
| Average Home Value | $156,121 |
Housing Distribution
Address Breakdown
Residential
10,581
Single Family
9,579
Multi-Family
1,002
Businesses
776
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