05/01/2023
This house just hit the market. The house is for sale for $55,000, rented currently on a 1 year lease for $585/month.
With minor changes it could easily rent for $700. My kids have a similar home that rents for $800. The 1% rule is live and well in Muncie despite being considered “unrealistic “ in the current market.
Current expectations of its feasibility:
https://www.realized1031.com/blog/is-the-1-rule-of-real-estate-investing-realistic
Yet here we are…
For sale This 812 square foot single family home has 2 bedrooms and 1.0 bathrooms. It is located at 2025 E Memorial Dr Muncie, Indiana.