907 S Tennessee AveMuncieIN47302
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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
Investment property for sale in Muncie at 907 S Tennessee Ave, Muncie, IN, 47302 earns $516/mo cash flow from $1,270/mo rent with a $587/mo payment. Total monthly income totals $1,270/mo, and annual cash flow totals $6,196/yr on $39,747 capital. ROI tracks 35.5% on current figures, and rental yield reads 12.71% at a $119,900 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,126 over five years. Five-year ROI reaches 186.61% and total cumulative return in cash sums $74,172. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,270/mo property income instead of your personal income.
Single Family
Built in 1963
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47302, Muncie, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,894 (100%) |
| Owner Occupied HU | 7,150 (55.5%) |
| Renter Occupied HU | 3,985 (30.9%) |
| Vacant Housing Units | 1,759 (13.6%) |
| Median Home Value | $89,088 |
| Average Home Value | $153,660 |
Housing Distribution
Address Breakdown
Residential
11,508
Single Family
11,429
Multi-Family
79
Businesses
580
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Listed by: Melanie White • Berkshire Hathaway Indiana Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523314
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.