828 E Adams StMuncieIN47305
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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 828 E Adams St, Muncie, IN, 47305 generates $2,711/mo in rent, after a $3,519/mo payment. Total monthly income is $2,711/mo. Return on cash invested sits at 11.92% in year one, and rental yield is 4.52% on a $719,000 entry. Equity gained on principal adds $4,640/yr, while 5% annual appreciation builds toward $198,646 over five years. Five-year ROI reaches 59.73% and total cumulative return in cash sums $141,293. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,711/mo property income rather than buyer’s personal income.
Single Family
Built in 1896
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47305, Muncie, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,432 (100%) |
| Owner Occupied HU | 511 (21.0%) |
| Renter Occupied HU | 1,264 (52.0%) |
| Vacant Housing Units | 657 (27.0%) |
| Median Home Value | $72,209 |
| Average Home Value | $102,931 |
Housing Distribution
Address Breakdown
Residential
1,640
Single Family
1,471
Multi-Family
169
Businesses
368
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