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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 823-825 W North St, Muncie, IN, 47303 uses $39,747 cash to close to unlock $6,205/yr annual cash flow and $517/mo monthly cash flow. Total monthly income runs $1,237/mo, and a $587/mo payment keeps the spread at $517/mo. Purchase price stands at $119,900, and rental yield measures 12.38% with $1,237/mo rent. Return on cash invested shows 35.52% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 186.4% and total cumulative return in cash records $74,088. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,237/mo property income covering a $587/mo payment rather than investor’s personal income.
Multi Family
Built in 1895
5,662 sqft 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 |
|---|---|---|
| 2024-04-22 | Listed for sale | $119,900 |
| 2024-03-28 | Pending sale | $119,900 |
| 2023-12-14 | Listed for sale | $119,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Heather Clemmons • Starr Real Estate, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202344709
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.
