Off-Market Property at 2305 E Riggin Rd, Muncie, IN, 47303

2305 E Riggin Rd, Muncie, IN, 47303

$289,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $173 per day and long-term for an average of $1,217 per month, based on similar listings in the area. Estimated short-term cap rate of 1.7%. Estimated long-term cap rate of -3.2%. COME CHECK THIS HOME OUT!!!! This home offers 3 bedrooms, 1.5 baths, plus a full bath in the garage! The 1.5 car attached is not heated, but the larger 35x39 attached garage offers a 7x18 overhead door and a 13 ft overhead door, drain in large garage, along with a wall heater and a gas furnace in the larger attached garage, comes with openers as well! There is also a hose spigot in the larger attached garage. The home offers a remodeled kitchen, some new flooring, some fresh paint, new laundry room, new sliding barn doors for kitchen pantry and coat closet as you walk in the foyer entry. New light fixtures, all new fans, new vanity tops in bathrooms, all fresh paint in both bathrooms and bathroom in garage. All kitchen cabinets and drawers are soft close. Furnace and AC are 1 year old.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$5295
Bedrooms
3
Bathrooms
2
SQFT
1,935
Furnished
unknown
Year built
1957
Listing Status
Off Market
MLS
21954845

Short-term Rental Potential
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$28,704

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$149

Price/SQFT

Long-term Rental Potential
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$14,604

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,217/mo

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