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 $1,200 per month, based on similar listings in the area. Estimated short-term cap rate of 5.4%. Estimated long-term cap rate of -1.2%. Perfect Investment Location! With BSU in literally your backyard! Just across the gate in your backyard, Ball State is 200 yards away from the new BSU North dining hall that has Starbucks and Chic-Fil-A. This is one of the closest homes to Worthen Arena, walking distance to any facility on campus, and convenient location for anywhere else in North Muncie. The home offers a newly poured concrete patio, sidewalk leading into Ball State Campus with gate, cozy firepit, and professional landscaping. Inside, there are 4 bedrooms, kitchen with good storae and a large living room. The bathroom has been partially updated, all appliances are updated (and stay with the home) and the metal roof is 5 years old. This property will fully rented at $2000 per month ($500/per bed) starting Aug 1, 2024 until July 25, 2025.(Seller is currently paying all utilities) The tenants would like to extend their lease for a total of three years. This is an exceptional investment opportunity that will attract tenants for years to come.
Property Information
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $0 |
Rental Policy | daily |
Yearly Taxes | $4857 |
Bedrooms | 4 |
Bathrooms | 1 |
SQFT | 1,152 |
Furnished | unknown |
Year built | |
Listing Status | Off Market |
MLS | 202412233 |
