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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 1134 E Elm St, Kokomo, IN, 46901 priced at $103,000 converts $803/mo rent into $185/mo cash flow after a $504/mo obligation. Total monthly income equals $803/mo, and annual cash flow totals $2,218/yr on $34,145 invested. Return on cash invested prints 26.41% in year one, and rental yield reads 9.36% against a $103,000 entry. Equity gained on principal adds $665/yr, while 5% annual appreciation compiles into $28,457 by year five. Five-year ROI reaches 137.41% and total cumulative return in cash sums $46,918. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $803/mo property income covering a $504/mo payment, not borrower’s personal income.
Single Family
Built in 1924
6,534 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 |
|---|---|---|
| 2024-11-13 | Price change | $103,000 |
| 2024-10-10 | Price change | $104,000 |
| 2024-09-04 | Price change | $114,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | N/A | N/A | $39,100 | -6.01% |
| 2022-11-20 | N/A | N/A | $41,600 | 4.79% |
| 2021-11-20 | $235.72 | 4.84% | $39,700 | 34.12% |
Listed by: Dee A Mast Wright • The Hardie Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202429580
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.
