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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Muncie at 623 E Willard St, Muncie, IN, 47302 priced at $209,900 converts $1,352/mo rent into $92/mo cash flow after a $1,027/mo obligation. Total monthly income equals $1,352/mo, and annual cash flow totals $1,108/yr on $69,582 invested. Return on cash invested prints 21.5% in year one, and rental yield reads 7.73% against a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation compiles into $57,992 by year five. Five-year ROI reaches 111.16% and total cumulative return in cash sums $77,348. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,352/mo property income covering a $1,027/mo payment, not borrower’s personal income.
Single Family
Built in 1890
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47302, Muncie, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,894 (100%) |
| Owner Occupied HU | 7,150 (55.5%) |
| Renter Occupied HU | 3,985 (30.9%) |
| Vacant Housing Units | 1,759 (13.6%) |
| Median Home Value | $89,088 |
| Average Home Value | $153,660 |
Residential
11,508
Single Family
11,429
Multi-Family
79
Businesses
580
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Brad Taflinger • Taflinger Real Estate Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22071175
