Off-Market Property at 1200 S Burlington Dr, Muncie, IN, 47302

1200 S Burlington Dr, Muncie, IN, 47302

$91,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $126 per day and long-term for an average of $827 per month, based on similar listings in the area. Estimated short-term cap rate of 17.3%. Estimated long-term cap rate of 0.9%. Nice 2 bedroom/1 bath home with Living Room, Laundry area, basement and 3 car garage on a corner lot. Fenced in backyard, replacement windows, kitchen appliances along with the washer & dryer. Updates to the home include: new roof (over the house area) 2021, Water Heater 2021, furnace 2022 and single car overhead door in 2024. There is a nice indoor foyer area between the house and garage convenient for carrying in your groceries in inclement weather. The basement has a utility sink, urinal and stand-up shower. Would make a great starter home or downsizer. Just a short distance to Hunnicutt's Dairy Bar, Cardinal Greenway and MITS Bus transportation runs every 15 minutes per the seller.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$3309
Bedrooms
2
Bathrooms
1
SQFT
1,028
Furnished
unknown
Year built
1939
Listing Status
Off Market
MLS
202409782

Short-term Rental Potential
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$24,828

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$88

Price/SQFT

Long-term Rental Potential
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$9,924

Revenue
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Profit
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Cap rate
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Cash on Cash
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$827/mo

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