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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 908 E 26th St, Muncie, IN, 47302 offers a 9.36% rental yield on a $127,900 purchase with $998/mo rent. Total monthly income registers $998/mo, and a $626/mo payment leaves $230/mo available for distribution. Annual cash flow reaches $2,763/yr on $42,399 to close, and return on cash invested stands at 26.43% in year one. Equity gained on principal adds $825/yr while 5% annual appreciation supports $35,336 over five years. Portfolio math shows five-year ROI at 137.64% and total cumulative return in cash at $58,359. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $998/mo property income against a $626/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47302, Muncie, IN area.
| 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 |
Residential
11,508
Single Family
11,429
Multi-Family
79
Businesses
580
Date | Event | Price |
|---|---|---|
| 2025-09-02 | Listed for sale | $127,900 |
| 2019-07-01 | Listing removed | $700 |
| 2019-04-15 | Listed for rent | $700 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-03 | $555.00 | 13.96% | $27,600 | N/A |
| 2023-09-03 | $487.00 | -19.90% | $27,600 | 14.05% |
| 2022-09-03 | $607.96 | 15.81% | $24,200 | -19.87% |
Listed by: Ryan Kramer • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202535209
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.
