MUNCIE rent to own home - a single family home (2 beds, 1 baths)

Cash flowing 3 bed 2 bath home in Muncies Southside. Update completed in 2022, new flooring in living room and kitchen, updated appliances,new carpet in bedrooms and fresh interior paint. Furnace and A/C less than 3 years old. This is a Section 8 property. Current rent is $995 a month with 25% down return is 8.5% annualized. $100 rent increase makes that return 13%. Proforma snapshot included in documents. Tenant pays all utilities. Economic growth remains steady with strong housing demand per Indiana Business review. The most recent forecast from Indiana Universitys Center for Econometric Model Research shows employment growth of 1.89% over the next two years (2023 Q4 to 2025 Q4). Personal income is expected to increase 3.4% through 2027. Property is being offered as part of a 2 unit package, 2nd property is at 1618 E 24th. An additional 4 unit package is also available, addresses and financials included in attached documents. Attached pro formas are for 2 property package and 6 unit package. Attached photos were taken before property was rented. Seller will not work with wholesalers or consider creative finance options. For additional questions and to arrange showings reach out...

Read More

to listing agent. Proof of funds and 24hr notice required for all showings.This rent to own home is a single family home located in MUNCIE. It offers 0.22 acres in size, 2 beds and 1 baths. Review its detailed information and determine if this MUNCIE rent to own has the qualities you are looking for.  

Read Less

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

Consumers Beware
Consumers should be aware of scams from people posing to be real estate agents or landlords. So if you're looking to buy or rent make sure you take the proper precautions.
Read more to learn about avoiding scams.