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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 1706 S Webster St, Kokomo, IN, 46902 offers $1,497/mo rent that, after a $974/mo payment, leaves $302/mo cash flow. Total monthly income is $1,497/mo, and annual cash flow is $3,629/yr on $65,969 cash. Return on cash invested measures 25.41% in year one, and rental yield stands at 9.03% at a $199,000 entry. Equity gained on principal adds $1,284/yr while 5% annual appreciation compounds into $54,980 by year five. Five-year ROI records 132.14% and total cumulative return in cash reaches $87,174. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,497/mo property income versus a $974/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1939
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46902, Kokomo, IN area.
| 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 |
Residential
17,385
Single Family
15,243
Multi-Family
2,142
Businesses
1,038
Date | Event | Price |
|---|---|---|
| 2024-09-30 | Price change | $199,000 |
| 2024-09-23 | Price change | $209,000 |
| 2024-09-14 | Listed for sale | $219,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $1116.00 | 7.72% | $116,800 | 3.00% |
| 2022-10-17 | $1036.00 | 2.78% | $113,400 | 7.59% |
| 2021-10-17 | $1008.00 | 0.51% | $105,400 | 2.63% |
What's Special
Pull Down Stairs
Listed by: Jamie L Leach • The Hardie Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202435496
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.
