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Strong fitSingle family1d on market

$144,900

619 W Ashland Ave

Muncie IN 47303

4 beds2 baths2,240 sqft
99
Deal score
Est. rent
$1,525/mo
Cash flow
$588/mo
Cap rate
10.8%
Cash-on-cash
19.5%
Max offer
$144,900
Rental verdict

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

These numbers assume a 25% down payment on this price. Set your own down payment and every number re-runs your way.

Pro forma

Cash flow
$588/mo
Cap rate
10.8%
Cash-on-cash
19.5%
DSCR
1.82
Purchase price$144,900
Interior finishes budgetNone modeled

What you'd spend on interior finishes before renting — starts at zero, set your own number (our photo-based estimate is $74,000). Counted as upfront cash: it raises cash to close and is part of the cash-on-cash return.

Down payment25.0% · $36,225
Interest rate6.95%
Monthly rent$1,525/mo
Adjust assumptions

Every number on this page assumes the home stays rented and nothing is set aside. That is deliberate, but it is not what most landlords spend. Standard investor assumptions (23% of rent, about $351/mo for management, vacancy, maintenance and CapEx) would put cash flow at $238/mo. Set your own below.

Property management0% of rent · $0/mo
Vacancy (empty between tenants)0% of rent · $0/mo
Maintenance (small repairs)0% of rent · $0/mo
CapEx (saving for big repairs)0% of rent · $0/mo

Expenses owners pay

Tenants typically pay their own utilities on this home type, so every line opens at $0. If you'll pay any of these as the owner, set them here — they come straight out of the cash flow above.

Water & sewer$0/mo
Trash$0/mo
Common-area electric$0/mo
Heat & gas (if owner-paid)$0/mo
Caretaker / lawn & snow$0/mo
Total owner-paid expenses$0/mo

Monthly payment (PITI)

  • Principal & interest$719
  • Property tax$145
  • Insurance$72
  • Total payment$937/mo

Cash-flow math charges taxes, insurance, HOA, PMI in full and holds nothing back from rent. Management, vacancy, maintenance and CapEx are yours to set above.

Cash you'd need to close (est.)

  • Down payment (25.0%)$36,225
  • Closing costs (~3%: title, lender, prepaid escrow)$4,347
  • Reserves (2 months of payments)$1,873
  • Total cash to close$42,445

An estimate — your lender's Loan Estimate is the real number. Doesn't include any repairs needed before renting.

Where it sits

619 W Ashland Ave in context — the streets, water and amenities around it.

Street View ↗

Property details

619 W Ashland Ave · Muncie IN 47303

Beds
4
Baths
2
Square feet
2,240
Price / sqft
$65
Home type
Single family
Days on market
1 days
HOA
None
Status
For Sale

Status per the source feed — contingent/pending changes can lag the MLS by up to ~12 hours.