6701 E Hickory LnMuncieIN47303
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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 6701 E Hickory Ln, Muncie, IN, 47303 listed at $208,900 pairs $1,463/mo rent with a $1,022/mo payment to leave $209/mo cash flow. Total monthly income runs $1,463/mo, and annual cash flow reaches $2,514/yr on $69,250 cash to close. Return on cash invested measures 23.54% in year one, and rental yield registers 8.4% at a $208,900 basis. Equity gained on principal adds $1,348/yr, and annual property appreciation at 5% supports $57,715 by year five. Five-year ROI tracks 122.09% and total cumulative return in cash totals $84,546. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,463/mo property income relative to a $1,022/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
0.25 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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Listed by: Rahmed Paige • F.C. Tucker Muncie, REALTORS
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520312
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.