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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 1441 E Monroe St, Kokomo, IN, 46901 generates $1,076/mo in rent and, after a $700/mo payment, leaves $218/mo in cash flow. Total monthly income is $1,076/mo, and annual cash flow is $2,610/yr on $47,405 invested. Return on cash invested sits at 25.42% in year one, and rental yield is 9.03% on a $143,000 entry. Equity gained on principal adds $923/yr, while 5% annual appreciation builds toward $39,508 over five years. Five-year ROI reaches 132.2% and total cumulative return in cash sums $62,668. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,076/mo property income rather than buyer’s personal income.
Single Family
Built in 1874
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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Joseph Parker • Mygrant Realty & Appraisals
Mls Name: IRMLS
Mls ID: #202542724
