1701 Oakhill RdKokomoIN46902
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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
Rental property for sale in Kokomo at 1701 Oakhill Rd, Kokomo, IN, 46902 generates $1,192/mo in rent and, after a $646/mo payment, leaves $400/mo in cash flow. Total monthly income is $1,192/mo, and annual cash flow is $4,796/yr on $43,758 invested. Return on cash invested sits at 30.87% in year one, and rental yield is 10.84% on a $132,000 entry. Equity gained on principal adds $852/yr, while 5% annual appreciation builds toward $36,469 over five years. Five-year ROI reaches 161.43% and total cumulative return in cash sums $70,639. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,192/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
8,712 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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Listed by: Lisa Buckner • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514855
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.