612 W Cromer 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
Investment property for sale in Muncie at 612 W Cromer Ave, Muncie, IN, 47303 uses $66,267 cash to close to unlock $5,669/yr annual cash flow and $472/mo monthly cash flow. Total monthly income runs $1,672/mo, and a $978/mo payment keeps the spread at $472/mo. Purchase price stands at $199,900, and rental yield measures 10.04% with $1,672/mo rent. Return on cash invested shows 28.46% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 148.53% and total cumulative return in cash records $98,425. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,672/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1953
0.62 Acres 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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