8308 N Wilderness RdMuncieIN47303
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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 8308 N Wilderness Rd, Muncie, IN, 47303 generates $2,280/mo in rent, after a $2,055/mo payment. Total monthly income is $2,280/mo. Return on cash invested sits at 17.84% in year one, and rental yield is 6.52% on a $419,900 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 91.48% and total cumulative return in cash sums $127,344. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,280/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.27 Acres 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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Listed by: Austin Rich • NextHome Elite Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514099
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.