Off-Market Property at 211 S Merrywood Ln, Muncie, IN, 47304

211 S Merrywood Ln, Muncie, IN, 47304

$259,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $139 per day and long-term for an average of $1,500 per month, based on similar listings in the area. Estimated short-term cap rate of 0.8%. Estimated long-term cap rate of -3.1%. Well maintained home. Home has several updates including roof(3 years), gas furnace(2020), ceiling boiler heat(8 years) for backup heat, master bath shower enclosure(2021), water heater(2023), garage rewired and insulated(>3 years), PVC fence added(>3 years), kitchen backsplash(>3 years), kitchen sink(>3 years), Dishwasher (2023), 26" of attic insulation(>3 years), exterior wall in laundry room reinsulated(>3 years), Primary bedroom window(>3 years), main full bath shower enclosure(2023), Gutter guards and waterproof flooring(>3 years). Cedar lined closets throughout. Home is in a great location with a large lot. Close to BSU and BMH.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$9469
Bedrooms
3
Bathrooms
2
SQFT
2,299
Furnished
unknown
Year built
1952
Listing Status
Off Market
MLS
202410252

Short-term Rental Potential
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$28,224

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$113

Price/SQFT

Long-term Rental Potential
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$18,000

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,500/mo

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