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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 931 W Main St, Muncie, IN, 47305 priced at $179,900 converts $1,381/mo rent into $301/mo cash flow after a $881/mo obligation. Total monthly income equals $1,381/mo, and annual cash flow totals $3,607/yr on $59,637 invested. Return on cash invested prints 25.96% in year one, and rental yield reads 9.21% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 135.05% and total cumulative return in cash sums $80,541. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,381/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1890
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47305, Muncie, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,432 (100%) |
| Owner Occupied HU | 511 (21.0%) |
| Renter Occupied HU | 1,264 (52.0%) |
| Vacant Housing Units | 657 (27.0%) |
| Median Home Value | $72,209 |
| Average Home Value | $102,931 |
Residential
1,640
Single Family
1,471
Multi-Family
169
Businesses
368
Date | Event | Price |
|---|---|---|
| 2025-03-18 | Listed for sale | $179,900 |
| 2024-11-25 | Listing removed | $1,650 |
| 2024-11-15 | Price change | $1,650 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-20 | $355.98 | -9.87% | $63,300 | 255.62% |
| 2023-03-20 | $394.96 | 32.54% | $17,800 | -54.24% |
| 2022-03-20 | $298.00 | 3.11% | $38,900 | 33.22% |
Listed by: Ali Harrigan • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508746
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.
