Off-Market Property at 1929 W 8th St, Muncie, IN, 47302
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1929 W 8th St, Muncie, IN, 47302

$75,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $130 per day and long-term for an average of $1,010 per month, based on similar listings in the area. Estimated short-term cap rate of 28.6%. Estimated long-term cap rate of 7.5%. Welcome to 1929 W 8th Street, an exceptional property offering not just one, but two fantastic opportunities for living and investment! Situated just minutes away from Ball State Campus, this charming 3-bedroom, 1-bathroom home features 1,072 square feet of updated living space. Additionally, there's a second building on the property, formerly a garage, which has been properly zoned and framed out to become a one-bedroom, one-bathroom single-family residence awaiting your personal touch. The front property has undergone recent updates throughout. This property presents an ideal opportunity for both investors seeking rental income potential and owner-occupying buyers looking for a beautifully remodeled home with additional living space or rental income potential. Plus, conveniently located nearby, there is a bus stop, enhancing accessibility for residents and making commuting a breeze. Schedule your showing today!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$1729
Bedrooms
3
Bathrooms
1
SQFT
1,072
Furnished
unknown
Year built
1900
Listing Status
Off Market
MLS
21967528

Short-term Rental Potential
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$27,936

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$69

Price/SQFT

Long-term Rental Potential
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$12,120

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,010/mo

Rent