1420 S Dixon Rd, Kokomo, IN, 46902 | $71/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1420 S Dixon Rd, Kokomo, IN, 46902 | $71/mo Cash Flow | Ziffy

For Sale

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

Investment property for sale in Kokomo at 1420 S Dixon Rd, Kokomo, IN, 46902 earns $71/mo cash flow from $1,085/mo rent with a $827/mo payment. Total monthly income totals $1,085/mo, and annual cash flow totals $848/yr on $56,024 capital. ROI tracks 21.42% on current figures, and rental yield reads 7.7% at a $169,000 purchase. Equity gained on principal adds $1,091/yr, and 5% annual appreciation supports $46,692 over five years. Five-year ROI reaches 110.73% and total cumulative return in cash sums $62,035. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,085/mo property income instead of your personal income.

Single Family

Built in 1942

5,662 sqft lot

$N/A/sqft

No HOA

More details about the property

This refreshed 2 (possibly 3) bedroom, 2-bath home offers 1,448 square feet of functional living space and sits on a large corner lot made up of two parcelsproviding an expansive front yard with plenty of room to enjoy. Inside, youll find two separate living areas, each with its own character. The second living space is large and could be used as an en suite bedroom. One of the living areas features built-in shelving and a fireplace, while the other showcases a stone accent wall and unique circular windows. The kitchen includes brand-new appliances and connects easily to the main living space. Both bathrooms are updated with full tub/shower combos, and the home features a dedicated laundry area and generous closet space throughout, including a versatile walk-in nook perfect for storage or a small workspace. Additional highlights include: Attached 2-car garage Modern, low-maintenance flooring throughout Fresh, neutral paint and finishes This move-in ready home offers thoughtful updates, flexible layout options, and a spacious lot in a convenient location right at the corner of Dixon and Defenbaugh.

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