616 N Edgewood DrMuncieIN47303
Nearby investment properties with comparable rents
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 616 N Edgewood Dr, Muncie, IN, 47303 with 5% annual appreciation on a $150,900 basis while $1,395/mo rent supports operations. Total monthly income totals $1,395/mo and a $739/mo payment preserves $489/mo for cash returns. Annual cash flow comes to $5,865/yr on $50,023 deployed, and return on cash invested reaches 31.63% in year one. Equity gained on principal adds $974/yr, and five-year appreciation sums $41,691 alongside rental yield of 11.09%. Five-year ROI measures 165.5% and total cumulative return in cash totals $82,788.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,395/mo property income versus a $739/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
0.89 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices