Condo Investment Properties for Sale in Kokomo, IN
Listed for sale 4 days ago
$ 179,900
ROI
26.7
Cash Flow/m
350- 2 Bed
- 2 Bath
- 1148 sft
519 Delray St, Kokomo, IN, 46901
$ 259,900
ROI
28.9Cash Flow/m
663- 2 Bed
- 2 Bath
- 1526 sft
2928 Bridgestone Cir, Kokomo, IN, 46902
$ 184,900
ROI
28.2Cash Flow/m
432- 2 Bed
- 2 Bath
- 1148 sft
441 Mirage Dr, Kokomo, IN, 46901
$ 345,000
ROI
22.2Cash Flow/m
234- 3 Bed
- 3 Bath
- 2969 sft
3295 Woodhaven Trl, Kokomo, IN, 46902
Why Invest in Kokomo, Indiana?
Kokomo, Indiana offers strong potential for condo investors seeking stable returns in a growing market. Recent forecasts show home values rising 1.8-4.2% annually, supporting appreciation. With median home prices around $168K-$177K, condos provide accessible entry points. Rental demand benefits from local manufacturing jobs and retiree inflows. Cap rates hover around 7-8% with solid cash flow opportunities.
8.5%
Avg. ROI
7.2%
Rental Yield
7.5%
Cap Rate
$450/mo
Avg. Cash Flow
$950/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
Yes, condos offer solid cap rates around 7.5% and appreciation of 4.2% due to low entry prices under $180K. Stable manufacturing jobs drive rental demand. Retiree inflows add to occupancy reliability.
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