1608 S Armstrong StKokomoIN46902
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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 S Armstrong St, Kokomo, IN, 46902 earns $224/mo cash flow from $1,124/mo rent with a $734/mo payment. Total monthly income totals $1,124/mo, and annual cash flow totals $2,686/yr on $49,692 capital. ROI tracks 25.31% on current figures, and rental yield reads 9% at a $149,900 purchase. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 over five years. Five-year ROI reaches 131.58% and total cumulative return in cash sums $65,387. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,124/mo property income instead of your personal income.
Single Family
Built in 1917
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46902, Kokomo, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
17,385
Single Family
15,243
Multi-Family
2,142
Businesses
1,038
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