604 N Mesa RdMuncieIN47304
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Nearby investment properties with comparable prices
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 604 N Mesa Rd, Muncie, IN, 47304 at $535,000 posts ROI 21.08% with $150/mo cash flow from $3,407/mo rent. Total monthly income equals $3,407/mo, and annual cash flow records $1,795/yr on $176,015 to close. Return on cash invested measures 21.08% and rental yield reads 7.64% at the current $535,000. Equity gained on principal adds $3,452/yr, and 5% annual appreciation supports $147,811 by year five. Five-year ROI prints 108.96% and total cumulative return in cash totals $191,788.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,407/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1985
1.38 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
14,165
Single Family
13,054
Multi-Family
1,111
Businesses
706
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Listed by: Dustin Ford • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528550
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.