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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% |
Rental property for sale in Muncie at 813 N Leland Ave, Muncie, IN, 47303 priced at $149,900 converts $1,188/mo rent into $288/mo cash flow after a $734/mo obligation. Total monthly income equals $1,188/mo, and annual cash flow totals $3,454/yr on $49,692 invested. Return on cash invested prints 26.86% in year one, and rental yield reads 9.51% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 139.89% and total cumulative return in cash sums $69,515. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,188/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 2008
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47303, Muncie, IN area.
| 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 |
Residential
10,581
Single Family
9,579
Multi-Family
1,002
Businesses
776
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Corben Price • NextHome Elite Real Estate
Mls Name: IRMLS
Mls ID: #202536397
