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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% |
Investment property for sale in Muncie at 719 E Washington St, Muncie, IN, 47305 at $260,000 posts ROI 37.35% with $1,253/mo cash flow from $2,814/mo rent. Total monthly income equals $2,814/mo, and annual cash flow records $15,034/yr on $86,190 to close. Return on cash invested measures 37.35% and rental yield reads 12.99% at the current $260,000. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 by year five. Five-year ROI prints 196.12% and total cumulative return in cash totals $169,037.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,814/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47305, Muncie, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,432 (100%) |
| Owner Occupied HU | 511 (21.0%) |
| Renter Occupied HU | 1,264 (52.0%) |
| Vacant Housing Units | 657 (27.0%) |
| Median Home Value | $72,209 |
| Average Home Value | $102,931 |
Residential
1,640
Single Family
1,471
Multi-Family
169
Businesses
368
Date | Event | Price |
|---|---|---|
| 2024-12-13 | Sold | $260,000 |
| 2024-11-21 | Pending sale | $274,900 |
| 2024-11-01 | Listed for sale | $274,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $1886.00 | 20.36% | $226,400 | 20.04% |
| 2023-10-21 | $1567.02 | -9.89% | $188,600 | 20.36% |
| 2022-10-21 | $1738.98 | 17.26% | $156,700 | -9.89% |
Listed by: Rebekah Hanna • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202421903
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.
