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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 1303 Tepee Dr, Kokomo, IN, 46902 generates $1,711/mo in rent and, after a $808/mo payment, leaves $667/mo in cash flow. Total monthly income is $1,711/mo, and annual cash flow is $8,001/yr on $54,698 invested. Return on cash invested sits at 34.54% in year one, and rental yield is 12.44% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 181.48% and total cumulative return in cash sums $99,263. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,711/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
7,840 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 |
|---|---|---|
| 2025-10-09 | Sold | $165,000 |
| 2025-09-20 | Pending sale | $169,900 |
| 2025-07-29 | Price change | $169,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-17 | $2010.00 | 4.36% | $116,300 | 15.72% |
| 2023-10-17 | $1926.00 | 21.13% | $100,500 | 4.36% |
| 2022-10-17 | $1590.00 | 12.61% | $96,300 | 21.13% |
Listed by: Linda Kitts • Kitts Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202527186
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.
