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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Kokomo at 1008 Clay Ln, Kokomo, IN, 46901 listed at $249,900 pairs $2,321/mo rent with a $1,223/mo payment to leave $821/mo cash flow. Total monthly income runs $2,321/mo, and annual cash flow reaches $9,852/yr on $82,842 cash to close. Return on cash invested measures 31.8% in year one, and rental yield registers 11.15% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 166.41% and total cumulative return in cash totals $137,858. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,321/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1961
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46901, Kokomo, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,311 (100%) |
| Owner Occupied HU | 10,862 (59.3%) |
| Renter Occupied HU | 5,385 (29.4%) |
| Vacant Housing Units | 2,064 (11.3%) |
| Median Home Value | $165,136 |
| Average Home Value | $194,138 |
Residential
17,188
Single Family
15,687
Multi-Family
1,501
Businesses
983
Date | Event | Price |
|---|---|---|
| 2025-03-18 | Listed for sale | $249,900 |
| 2019-05-20 | Sold | $142,000 |
| 2019-04-26 | Pending sale | $144,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-18 | $904.80 | 13.49% | $153,300 | 3.30% |
| 2022-03-18 | $797.24 | 5.46% | $148,400 | 5.40% |
| 2021-03-18 | $755.96 | 10.82% | $140,800 | -1.95% |
Listed by: Paige Oyler • Home Town Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508398
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
