1608 N Courtland AveKokomoIN46901
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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
Investment Highlights
Investment property for sale in Kokomo at 1608 N Courtland Ave, Kokomo, IN, 46901 uses $39,449 cash to close to unlock $2,257/yr annual cash flow and $188/mo monthly cash flow. Total monthly income runs $902/mo, and a $582/mo payment keeps the spread at $188/mo. Purchase price stands at $119,000, and rental yield measures 9.1% with $902/mo rent. Return on cash invested shows 25.63% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 133.4% and total cumulative return in cash records $52,625. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $902/mo property income covering a $582/mo payment rather than investor’s personal income.
Single Family
Built in 1904
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46901, Kokomo, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
17,188
Single Family
15,687
Multi-Family
1,501
Businesses
983
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