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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 1509 N Leeds St, Kokomo, IN, 46901 listed at $165,000 pairs $1,160/mo rent with a $808/mo payment to leave $169/mo cash flow. Total monthly income runs $1,160/mo, and annual cash flow reaches $2,029/yr on $54,698 cash to close. Return on cash invested measures 23.62% in year one, and rental yield registers 8.44% at a $165,000 basis. Equity gained on principal adds $1,065/yr, and annual property appreciation at 5% supports $45,586 by year five. Five-year ROI tracks 122.59% and total cumulative return in cash totals $67,055. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,160/mo property income relative to a $808/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1941
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 |
|---|---|---|
| 2025-06-10 | Listed for sale | $165,000 |
| 2014-06-06 | Sold | $14,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-11 | $802.00 | -20.59% | $44,800 | 11.72% |
| 2023-06-11 | $1010.00 | 24.38% | $40,100 | -20.59% |
| 2022-06-11 | $812.00 | 6.56% | $50,500 | 24.38% |
Listed by: Angie M Roe • Heartland Real Estate Brokers
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521974
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.
