Off-Market Property at 4516 N Tillotson Ave, Muncie, IN, 47304
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4516 N Tillotson Ave, Muncie, IN, 47304

$239,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $177 per day and long-term for an average of $1,415 per month, based on similar listings in the area. Estimated short-term cap rate of 1.6%. Estimated long-term cap rate of -3.2%. Charm and convenience in this brick 3 bedroom, 1.5 bath Halteman home! Foyer entry has unique vintage tile, and generous closet space. The spacious living room offers plentiful natural light and gathering space, plus separate family room with fireplace. The kitchen has beautiful cabinetry in lovely walnut finish, downdraft range, and confluent dining area. Entry from garage has second access point to backyard, laundry, half bath, and mudroom. Large bedrooms with many replacement windows and ceiling fans in each. Full bath has tandem access from primary suite and hallway, with shower and tub separated by an additional door for convenience. Mature trees overlook brick patio and large shed with loft for extra storage. Landscaping at perimeter creates a green barrier when in season. HVAC replaced and ducts cleaned in 2022. Gas grill is plumbed and will remain with home.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$9321
Bedrooms
3
Bathrooms
2
SQFT
1,982
Furnished
unknown
Year built
1965
Listing Status
Off Market
MLS
202409959

Short-term Rental Potential
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$28,320

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$120

Price/SQFT

Long-term Rental Potential
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$16,980

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,415/mo

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