610 S Manning 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 610 S Manning Ave, Muncie, IN, 47303 priced at $139,900 converts $1,372/mo rent into $532/mo cash flow after a $685/mo obligation. Total monthly income equals $1,372/mo, and annual cash flow totals $6,383/yr on $46,377 invested. Return on cash invested prints 33.67% in year one, and rental yield reads 11.77% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. Five-year ROI reaches 176.4% and total cumulative return in cash sums $81,807. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,372/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1911
5,662 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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