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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 1304 E Morgan St, Kokomo, IN, 46901 offers a 9.04% rental yield on a $167,500 purchase with $1,262/mo rent. Total monthly income registers $1,262/mo, and a $820/mo payment leaves $256/mo available for distribution. Annual cash flow reaches $3,076/yr on $55,526 to close, and return on cash invested stands at 25.45% in year one. Equity gained on principal adds $1,081/yr while 5% annual appreciation supports $46,277 over five years. Portfolio math shows five-year ROI at 132.36% and total cumulative return in cash at $73,492. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,262/mo property income against a $820/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
0.28 Acres 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Charna J Virtue • BerkshireHathaway HS IN Realty
Mls Name: IRMLS
Mls ID: #202536665
