609 S Catalpa Dr, Muncie, IN, 47304 | $373/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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609 S Catalpa Dr, Muncie, IN, 47304 | $373/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 609 S Catalpa Dr, Muncie, IN, 47304 listed at $134,900 pairs $1,183/mo rent with a $660/mo payment to leave $373/mo cash flow. Total monthly income runs $1,183/mo, and annual cash flow reaches $4,482/yr on $44,719 cash to close. Return on cash invested measures 29.93% in year one, and rental yield registers 10.52% at a $134,900 basis. Equity gained on principal adds $870/yr, and annual property appreciation at 5% supports $37,270 by year five. Five-year ROI tracks 156.4% and total cumulative return in cash totals $69,941. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,183/mo property income relative to a $660/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1955

0.33 Acres lot

$N/A/sqft

No HOA

More details about the property

Delightful 3-bedroom, 1-bathroom home spanning 1,056 square feet. This home offers a perfect blend of comfort and character, ideal for anyone looking to settle in a friendly neighborhood. Enclosed 3-Season Room: Enjoy the beauty of nature all year round from the comfort of your own home. This versatile space is perfect for relaxation or entertaining guests. 1-Car Attached Garage: Equipped with laundry facilities and a heat source, this garage offers convenience and practicality for your daily needs. Large Backyard: The expansive backyard features mature trees, providing shade and a serene environment for outdoor activities, gardening, or simply unwinding. Sold As-Is: This home is offered in its current condition, providing you with the opportunity to add your personal touch and make it truly yours. Situated in a prime location, this home is just minutes away from shopping and popular restaurants, making it a convenient choice.

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