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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 921 W Neely Ave, Muncie, IN, 47303 with 5% annual appreciation on a $119,900 basis while $1,157/mo rent supports operations. Total monthly income totals $1,157/mo and a $587/mo payment preserves $394/mo for cash returns. Annual cash flow comes to $4,723/yr on $39,747 deployed, and return on cash invested reaches 31.79% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,126 alongside rental yield of 11.58%. Five-year ROI measures 166.84% and total cumulative return in cash totals $66,312.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,157/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47303, Muncie, IN area.
| 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 |
Residential
10,581
Single Family
9,579
Multi-Family
1,002
Businesses
776
Date | Event | Price |
|---|---|---|
| 2024-09-13 | Listed for rent | $1,000 |
| 2024-06-18 | Listed for sale | $119,900 |
| 2024-06-06 | Pending sale | $119,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $1518.00 | 9.68% | $84,600 | 11.46% |
| 2022-10-14 | $1384.00 | 18.29% | $75,900 | 9.68% |
| 2021-10-14 | $1170.00 | 2.81% | $69,200 | 18.29% |
Listed by: Heather Clemmons • Starr Real Estate, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202344710
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.
