Off-Market Property at 1023 N Macedonia Ave, Muncie, IN, 47303
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1023 N Macedonia Ave, Muncie, IN, 47303

$95,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $172 per day and long-term for an average of $1,105 per month, based on similar listings in the area. Estimated short-term cap rate of 25.2%. Estimated long-term cap rate of 5.5%. Looking for a starter home or investment property ready to rent? If so, this is a must see! This delightful 3-bedroom, 1 and a half bathroom retreat is brimming with modern charm and convenience. Enter through the inviting finished front porch, adorned with multiple windows that will make for a great sitting room, where you can bask in natural light and relax. The dining room, living room, and kitchen feature new vinyl hardwood floors, providing a seamless and stylish flow throughout the home. The kitchen has newer stainless steel appliances including a stove, refrigerator, microwave, and dishwasher, making meal prep a joy. As a bonus, the large 3 bedroom could be used as a bonus family room! Plus, the furnace, installed less than 10 years ago, and the electric water heater, put in place in 2018, ensure your comfort and peace of mind. Conveniently located close to shopping, dining, and entertainment, everything you need is right at your fingertips. You will love that everything is done and this home is ready for you to move right in or turn into an instant money maker as an investment property!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$1980
Bedrooms
3
Bathrooms
2
SQFT
1,486
Furnished
unknown
Year built
1897
Listing Status
Off Market
MLS
21971425

Short-term Rental Potential
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$32,004

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$63

Price/SQFT

Long-term Rental Potential
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$13,260

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,105/mo

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