1411 S Main St, Kokomo, IN, 46902 | $703/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1411 S Main St, Kokomo, IN, 46902 | $703/mo Cash Flow | Ziffy

For Sale

Currently Rented

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Kokomo at 1411 S Main St, Kokomo, IN, 46902 generates $1,603/mo in rent and, after a $734/mo payment, leaves $703/mo in cash flow. Total monthly income is $1,603/mo, and annual cash flow is $8,433/yr on $49,725 invested. Return on cash invested sits at 36.87% in year one, and rental yield is 12.82% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 193.53% and total cumulative return in cash sums $96,234. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,603/mo property income rather than buyer’s personal income.

Multi Family

Built in 1882

7,492 sqft lot

$N/A/sqft

No HOA

More details about the property

Check out this triplex! Unit A is a 2 bed/1bath, rents for $900.00 per month, leased through 1/10/26. Unit B is a one bed/one bath currently vacant-previously rented for $650.00 per month. Unit C is a one bed/one bath currently vacant, previously rented for $600.00 per month. Monthly Averages: Nipsco averages $100.24, City of Kokomo $40.28, Indiana American Water $52.51, and lawn $140.00. Many updates in 2022. Buyer to verify utility averages. Buyer to verify schools. To be sold as is

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