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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 1624 N Webster St, Kokomo, IN, 46901 offers $854/mo rent that, after a $685/mo payment. Total monthly income is $854/mo. Return on cash invested measures 19.66% in year one, and rental yield stands at 7.32% at a $140,000 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,679 by year five. Five-year ROI records 101.56% and total cumulative return in cash reaches $47,134. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $854/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
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 |
|---|---|---|
| 2025-09-08 | Price change | $140,000 |
| 2025-09-05 | Price change | $150,000 |
| 2025-09-05 | Listed for sale | $140,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-08 | $1444.00 | 4.79% | $75,500 | 4.57% |
| 2023-09-08 | $1378.00 | 17.98% | $72,200 | 4.79% |
| 2022-09-08 | $1168.00 | N/A | $68,900 | 17.98% |
Listed by: Misty Davidson • The Wyman Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202535902
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.
