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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 1012 N Apperson Way, Kokomo, IN, 46901 offers a 13.99% rental yield on a $105,000 purchase with $1,224/mo rent. Total monthly income registers $1,224/mo, and a $514/mo payment leaves $594/mo available for distribution. Annual cash flow reaches $7,123/yr on $34,808 to close, and return on cash invested stands at 40.37% in year one. Equity gained on principal adds $678/yr while 5% annual appreciation supports $29,010 over five years. Portfolio math shows five-year ROI at 212.41% and total cumulative return in cash at $73,934. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,224/mo property income against a $514/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1905
6,969 sqft 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 |
|---|---|---|
| 2024-12-27 | Sold | $105,000 |
| 2024-11-18 | Price change | $105,000 |
| 2024-10-11 | Price change | $110,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $620.00 | -29.06% | $35,100 | 13.23% |
| 2023-11-02 | $874.00 | 7.37% | $31,000 | -29.06% |
| 2022-11-02 | $814.00 | N/A | $43,700 | 7.37% |
Listed by: Nayeli Martinez • MPR Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202424666
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.
