801 S Silverwood Rd, Muncie, IN, 47304 | $353/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Muncie at 801 S Silverwood Rd, Muncie, IN, 47304 priced at $192,988 pairs $1,512/mo rent with $353/mo cash flow after a $945/mo payment. Total monthly income equals $1,512/mo, and annual cash flow comes to $4,237/yr on $63,976 invested. Return on cash invested is 26.53% in year one, and rental yield stands at 9.4% on a $192,988 basis. Equity gained on principal adds $1,245/yr, and 5% annual appreciation accumulates to $53,319 by year five. Five-year ROI measures 138.19% and total cumulative return in cash reaches $88,406. For financing, Ziffy Mortgage’s DSCR program evaluates $1,512/mo property income against a $945/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 2003

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Well maintained and great location are just 2 of the amenities this property has to offer! Just on the township line this home offers easy access to numerous amenities including Ball State University, IU Ball memorial Health Hospital, large number of high traffic thoroughfares, retail and commercial locations and more. The property offers a large kitchen and living room area with gas fireplace, laundry utility room, two car attached garage, Primary bedroom with trey ceiling and nice sized walk in closet, and a 3 piece primary bath. No HOA fees! Privacy fenced yard with patio! Owner is still responsible for all lawn care and driveway snow removal as well as bath interior and exterior maintenance repairs.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47304, Muncie, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,248 (100%)
Owner Occupied HU	8,917 (62.6%)
Renter Occupied HU	4,021 (28.2%)
Vacant Housing Units	1,310 ( 9.2%)
Median Home Value	$182,063
Average Home Value	$213,231