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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 1508 E Hoffer St, Kokomo, IN, 46902 priced at $115,400 converts $1,071/mo rent into $378/mo cash flow after a $565/mo obligation. Total monthly income equals $1,071/mo, and annual cash flow totals $4,537/yr on $38,255 invested. Return on cash invested prints 31.77% in year one, and rental yield reads 11.14% against a $115,400 entry. Equity gained on principal adds $745/yr, while 5% annual appreciation compiles into $31,883 by year five. Five-year ROI reaches 166.29% and total cumulative return in cash sums $63,615. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,071/mo property income covering a $565/mo payment, not borrower’s personal income.
Single Family
Built in 1932
10,454 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 |
|---|---|---|
| 2025-06-17 | Sold | $115,400 |
| 2025-06-04 | Pending sale | $124,900 |
| 2025-06-03 | Price change | $124,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $818.00 | 15.54% | $48,600 | 18.83% |
| 2023-10-22 | $708.00 | 33.58% | $40,900 | 15.54% |
| 2022-10-22 | $530.00 | N/A | $35,400 | 33.58% |
Listed by: Michael Mygrant • Mygrant Realty & Appraisals
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517052
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.
