2109 S Delawanda Ave

Muncie, IN 47302
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4 bd, 1 ba | 1,467 sqft | Built in 1945

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List Price
$121,000

Initial Investment

$40,932

Purchase Price

$121,000

Down Payment

25%

Rent

$1,050

Total Return

$42,940

Annualized Return

15.6%

Cap Rate

6.1%

Gross Yield

10.4%

Cash Flow

$231

Appreciation

7.2%
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Features

Occupancy

Occupied

Lease Start

02/01/2022

Lease End

01/31/2023

Lot Size

4,640

HOA

None

Flood Risk

Not Required

  • Nice 4 bed/1bath located in Muncie, IN!
  • Less than 5 miles from Ball State University.
  • This property is being sold in its current condition with in-place cash flow.
  • All conditions and details can be found in the "Analysis" tab.
  • Complete Rehab in December 2021
  • Pet fee included in monthly rent. $75
  • Located in an Indiana Opportunity Zone!
  • Get more insight into this market here

See more in Analysis

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Annual Financial Highlights

Expected Rent

$11,970

Expenses

-$3,061

Property Taxes

-$2,100

Loan Payments

-$6,578

Net Cash Flow

$231

See more in Financials

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