Zip Code 47302 — Muncie, IN
🟢STRONG— excellent cash flow marketCap Rate
9.9%
Monthly Cash Flow
+$311
Median Home Price
$104,695
DSCR
1.56
Fair Market Rents
- Studio
- $680/mo
- 1 Bedroom
- $760/mo
- 2 Bedroom
- $920/mo
- 3 Bedroom
- $1,240/mo
- 4 Bedroom
- $1,340/mo
Investment Metrics
- Cap Rate
- 9.9%
- Cash-on-Cash Return
- 15.5%
- Price-to-Rent Ratio
- 7.0
- 1% Rule
- 1.18%
- Gross Rent Multiplier
- 7.0
- Vacancy Rate
- 8.0%
Assumptions Used
20% down payment, 6.52% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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