1616 Columbus BlvdKokomoIN46901
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1616 Columbus Blvd, Kokomo, IN, 46901 listed at $134,995 pairs $1,018/mo rent with a $661/mo payment to leave $207/mo cash flow. Total monthly income runs $1,018/mo, and annual cash flow reaches $2,489/yr on $44,751 cash to close. Return on cash invested measures 25.47% in year one, and rental yield registers 9.05% at a $134,995 basis. Equity gained on principal adds $871/yr, and annual property appreciation at 5% supports $37,297 by year five. Five-year ROI tracks 132.52% and total cumulative return in cash totals $59,303. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,018/mo property income relative to a $661/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
7,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices