1040 S Purdum StKokomoIN46902
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Kokomo at 1040 S Purdum St, Kokomo, IN, 46902 uses $44,719 cash to close to unlock $3,306/yr annual cash flow and $275/mo monthly cash flow. Total monthly income runs $1,085/mo, and a $660/mo payment keeps the spread at $275/mo. Purchase price stands at $134,900, and rental yield measures 9.65% with $1,085/mo rent. Return on cash invested shows 27.3% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 142.29% and total cumulative return in cash records $63,629. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,085/mo property income covering a $660/mo payment rather than investor’s personal income.
Single Family
Built in 1920
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46902, Kokomo, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
17,385
Single Family
15,243
Multi-Family
2,142
Businesses
1,038
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