Under contract 07/17/26
Fully rented duplex. Below-market rents. $500/mo at 2% seller financing.
Muncie, Indiana · Old West End — both units occupied and paying $1,500/mo, with rents sitting under market. The seller carries $99,000 at 2.00% on paper that's already signed. You take the buyer's seat.
$116,000
Price, all-in
$17,000
Total cash to close
$500/mo
Payment @ 2.00%
$1,500/mo
Rents in place
The month, as it sits today
Rent — 3 bd / 1.5 ba (lower)$900
Rent — 1 bd / 1 ba$600
Seller-finance payment− $500
Taxes, insurance, water/sewer− $308
Management + vacancy/maint reserve− $300
Net cash flow+$392 /mo
≈ 27.7% cash-on-cash on $17,000 in — after management and a vacancy/maintenance reserve. Rents are below market ($700/$450 in 2022 → $900/$600 today, room above). At 7.5% bank money a $500 payment services only about $71,500 of debt; here it carries the full $99,000.
Freshly turned, tenants in place
Full photo package, floor plan, and county file included in the deal file.
Terms as executed
Schedule A · 07/17/2026Executed
Seller carryback$99,000 @ 2.00%
Payment$500 × 84 mo
Balloon (month 85)$68,822
PrepaymentAnytime · no penalty
AssignmentUnrestricted (§12.2)
Close~Aug 31 · Closed Title
The full file — open, no sign-up
Everything we have on this deal, on the next screen:
- Property address + showing access
- Executed purchase contract (redacted PDF)
- County record card, assessor report, floor plan
- Recorded comps, full photo set, complete underwriting
One deal, one call — reach Ben directly when you're ready.