809 E Dunn AveMuncieIN47303
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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
Rental property for sale in Muncie at 809 E Dunn Ave, Muncie, IN, 47303 priced at $118,900 converts $1,084/mo rent into $370/mo cash flow after a $582/mo obligation. Total monthly income equals $1,084/mo, and annual cash flow totals $4,443/yr on $39,415 invested. Return on cash invested prints 31.18% in year one, and rental yield reads 10.94% against a $118,900 entry. Equity gained on principal adds $767/yr, while 5% annual appreciation compiles into $32,850 by year five. Five-year ROI reaches 163.15% and total cumulative return in cash sums $64,306. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,084/mo property income covering a $582/mo payment, not borrower’s personal income.
Single Family
Built in 1955
8,712 sqft 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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