Off-Market Property at 1321 W Gilbert St, Muncie, IN, 47303
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1321 W Gilbert St, Muncie, IN, 47303

$219,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $232 per day and long-term for an average of $1,850 per month, based on similar listings in the area. Estimated short-term cap rate of 10.0%. Estimated long-term cap rate of 0.7%. This five-bedroom, two-bathroom house, is ideally located just moments from the vibrant Village at Ball State. Spanning three floors, the residence offers thoughtful bedroom distribution for optimal privacy and comfort. The property has a dedicated dining room, featuring a charming window bench, a large kitchen with ample cabinetry and modern appliances, including a dishwasher for added convenience. The upper floor has a sprawling bedroom, offering ample space for a tranquil retreat. This property includes a private driveway for convenient parking. Don't miss this exceptional opportunity to invest in this spacious and well-equipped property in a sought-after location. The home is currently rented through July 2024 for $2200 and rented again through July 2025 for $1810. Tenants pay all utilities.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$6580
Bedrooms
5
Bathrooms
2
SQFT
2,635
Furnished
unknown
Year built
1923
Listing Status
Off Market
MLS
202412498

Short-term Rental Potential
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$42,576

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$83

Price/SQFT

Long-term Rental Potential
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$22,200

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,850/mo

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