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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 8804 W Tulip Tree Dr, Muncie, IN, 47304 generates $3,081/mo in rent and, after a $2,203/mo payment, leaves $362/mo in cash flow. Total monthly income is $3,081/mo, and annual cash flow is $4,344/yr on $149,175 invested. Return on cash invested sits at 22.82% in year one, and rental yield is 8.22% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 118.25% and total cumulative return in cash sums $176,406. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,081/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47304, Muncie, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,248 (100%) |
| Owner Occupied HU | 8,917 (62.6%) |
| Renter Occupied HU | 4,021 (28.2%) |
| Vacant Housing Units | 1,310 ( 9.2%) |
| Median Home Value | $182,063 |
| Average Home Value | $213,231 |
Residential
14,165
Single Family
13,054
Multi-Family
1,111
Businesses
706
Date | Event | Price |
|---|---|---|
| 2025-07-25 | Sold | $450,000 |
| 2025-06-27 | Pending sale | $459,900 |
| 2025-06-05 | Listed for sale | $459,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-15 | $3939.98 | 12.60% | $433,400 | 10.00% |
| 2023-10-15 | $3498.98 | 13.82% | $394,000 | 12.60% |
| 2022-10-15 | $3074.02 | 4.56% | $349,900 | 13.83% |
What's Special
Pull Down Stairs,Storage,Walk-up
Listed by: Sherry Anderson • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521345
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.
