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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 1511 S 17th St, Kokomo, IN, 46902 generates $1,270/mo in rent and, after a $710/mo payment, leaves $399/mo in cash flow. Total monthly income is $1,270/mo, and annual cash flow is $4,791/yr on $48,068 invested. Return on cash invested sits at 29.88% in year one, and rental yield is 10.51% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 156.1% and total cumulative return in cash sums $75,032. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,270/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
6,882 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 |
|---|---|---|
| 2025-03-23 | Listed for sale | $145,000 |
| 2025-02-25 | Sold | $43,000 |
| 2025-02-13 | Pending sale | $45,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-25 | $530.00 | 5.36% | $80,800 | 14.61% |
| 2023-03-25 | $503.04 | 28.60% | $70,500 | 11.55% |
| 2022-03-25 | $391.16 | 4.39% | $63,200 | 28.19% |
Listed by: Kristine E Miller • Apple Tree Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509500
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.
