6001 N Cedar Springs Rd, Muncie, IN, 47304 | $29/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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6001 N Cedar Springs Rd, Muncie, IN, 47304 | $29/mo Cash Flow | Ziffy

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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

Investment property for sale in Muncie at 6001 N Cedar Springs Rd, Muncie, IN, 47304 uses $167,790 cash to close to unlock $345/yr annual cash flow and $29/mo monthly cash flow. Total monthly income runs $3,090/mo, and a $2,496/mo payment keeps the spread at $29/mo. Purchase price stands at $510,000, and rental yield measures 7.27% with $3,090/mo rent. Return on cash invested shows 20.27% in year one, and 5% annual appreciation builds toward $140,904 over five years. Five-year ROI reaches 104.48% and total cumulative return in cash records $175,299. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,090/mo property income covering a $2,496/mo payment rather than investor’s personal income.

Single Family

Built in 2001

0.92 Acres lot

$N/A/sqft

No HOA

More details about the property

The centerpiece of Carrington Woods is now for sale. Located in this highly popular neighborhood, this is a once in a lifetime opportunity for a new owner. A 5-bedroom, 3-bathroom masterpiece with a 3-car garage and private in-ground pool is the definition of comfort, elegance, and lifestyle. Inside you will find a soaring 18-foot ceiling in the living room, anchored by a cozy gas fireplace insert and filled with natural light. The open layout flows seamlessly into the gourmet kitchen (24x16), boasting stainless steel appliancesincluding refrigerator, dishwasher, microwave, and an electric stove with a standout feature of cooling food. Sliding patio doors lead to a covered patio overlooking the in-ground pool, set against a backdrop of professional landscaping and a wood privacy fence. The main floor features a full bedroom and bathroom, a formal dining room, and a dedicated home office, perfect for remote work or study. Upstairs, retreat to the luxurious primary suite with a spa-like bathroom featuring dual sinks, Jacuzzi soaking tub, walk-in shower, and spacious walk-in closet. Four additional bedrooms, another full bath with dual vanities, and a 33x20 recreational room complete the upper levelideal for family gatherings, game nights, or a private home theater. If youre searching for a resort-style backyard oasis complete with a in ground pool, professional landscaping, exceptional storage, and a spacious 3-car garageall set on two lots totaling nearly an acre in the award-winning Delta School Districtthis is the one. Opportunities like this are rare, and with this being the only home available in the neighborhood, you wont want to wait.

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