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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% |
Rental property for sale in Kokomo at 1008 Tepee Dr, Kokomo, IN, 46902 priced at $185,000 converts $1,558/mo rent into $448/mo cash flow after a $905/mo obligation. Total monthly income equals $1,558/mo, and annual cash flow totals $5,376/yr on $61,328 invested. Return on cash invested prints 28.67% in year one, and rental yield reads 10.11% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 149.59% and total cumulative return in cash sums $91,743. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,558/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1961
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46902, Kokomo, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,938 (100%) |
| Owner Occupied HU | 11,124 (62.0%) |
| Renter Occupied HU | 5,386 (30.0%) |
| Vacant Housing Units | 1,428 ( 8.0%) |
| Median Home Value | $188,290 |
| Average Home Value | $212,863 |
Residential
17,385
Single Family
15,243
Multi-Family
2,142
Businesses
1,038
Date | Event | Price |
|---|---|---|
| 2025-04-15 | Listed for sale | $185,000 |
| 2012-08-17 | Sold | $27,000 |
| 2012-05-26 | Price change | $28,800 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-17 | $1113.00 | 2.58% | $124,600 | 15.69% |
| 2023-04-17 | $1085.00 | 40.91% | $107,700 | 4.26% |
| 2022-04-17 | $770.00 | 50.36% | $103,300 | 20.40% |
Listed by: Amy C True • True Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512903
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.
