Off-Market Property at 913 W Ashland Ave, Muncie, IN, 47303

913 W Ashland Ave, Muncie, IN, 47303

$199,500

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $132 per day and long-term for an average of $1,570 per month, based on similar listings in the area. Estimated short-term cap rate of 2.9%. Estimated long-term cap rate of -0.3%. Don't miss out on this investment opportunity. This duplex features a 3-bed, 1-bathroom unit and a 1-bed, 1-bathroom unit. You get the best of both worlds, appealing to renters who want to live with roommates and those who enjoy the serenity of living alone. This property is just a short walk to campus and has many amenities, including a large, inviting living room and a generous dining room perfect for gatherings. The convenience of a dedicated laundry room with a washer and dryer is a must for many renters, and this property doesn't disappoint. Don't worry about finding renters; this property has signed leases through July 2025, equaling a monthly rent of $2005. Take a look at this investment opportunity today!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$6690
Bedrooms
4
Bathrooms
2
SQFT
2,338
Furnished
unknown
Year built
1889
Listing Status
Off Market
MLS
202400781

Short-term Rental Potential
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$25,116

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$85

Price/SQFT

Long-term Rental Potential
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$18,840

Revenue
Expenses
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Profit
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Cap rate
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$1,570/mo

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