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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 7617 E Piccadilly Rd, Muncie, IN, 47302 offers a 9.2% rental yield on a $115,000 purchase with $882/mo rent. Total monthly income registers $882/mo, and a $563/mo payment leaves $192/mo available for distribution. Annual cash flow reaches $2,298/yr on $38,123 to close, and return on cash invested stands at 25.94% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 135% and total cumulative return in cash at $51,465. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $882/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
1,350 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 |
|---|---|---|
| 2025-03-14 | Listed for sale | $115,000 |
| 2022-03-22 | Sold | $15,000 |
| 2022-03-14 | Pending sale | $24,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-15 | N/A | N/A | $47,600 | N/A |
| 2023-03-15 | N/A | N/A | $47,600 | -0.63% |
| 2022-03-15 | $150.16 | -5.58% | $47,900 | 30.87% |
Listed by: Michael Lambert • Leading Home Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508152
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.
