Off-Market Property at 2100 N Benton Rd, Muncie, IN, 47304

2100 N Benton Rd, Muncie, IN, 47304

$240,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $170 per day and long-term for an average of $1,503 per month, based on similar listings in the area. Estimated short-term cap rate of 3.5%. Estimated long-term cap rate of -2.4%. Terrific location close to shopping & amenities in the Yorktown School District! BRAND NEW Overhead door installed FEB 2024 and NEW Amana A/C unit being installed this week (with 10 year warranty). Well maintained 3+2 single story (built 1992) is awaiting new owners. All bedrooms are extra large, the master bedroom offers a walk-in closet, dual sinks in the bathroom and a designated laundry room has excellent cabinet/storage space (washer/dryer set included). Entertain on the spacious, freshly painted deck and there is an abundance of gorgeous, colorful landscaping in the Spring/Summer. Recent updates include newer furnace, water heater and softener and kitchen appliances are appr. 2 years old....sellers have recently invested $4000 in the crawl space with a vapor barrier and insulation. The corner lot location is in a highly desirable spot if you want to be near Ball State University, gyms, restaurants and shopping. Come see why numerous buyers are coming to Delaware County's attractive cost of living, ease of getting around town and convenient access to Interstate 69- halfway between Indianapolis and Ft. Wayne. Seller has multiple tax exemptions.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$8389
Bedrooms
3
Bathrooms
2
SQFT
1,560
Furnished
unknown
Year built
1992
Listing Status
Off Market
MLS
202402820

Short-term Rental Potential
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$32,004

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$153

Price/SQFT

Long-term Rental Potential
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$18,036

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,503/mo

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