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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 1833 Austin Rd, Kokomo, IN, 46901 generates $1,548/mo in rent and, after a $1,003/mo payment, leaves $318/mo in cash flow. Total monthly income is $1,548/mo, and annual cash flow is $3,813/yr on $67,958 invested. Return on cash invested sits at 25.52% in year one, and rental yield is 9.06% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 132.67% and total cumulative return in cash sums $90,162. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,548/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
8,276 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 |
|---|---|---|
| 2024-11-12 | Listed for sale | $205,000 |
| 2024-06-18 | Sold | $193,000 |
| 2024-05-30 | Pending sale | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $1331.44 | 10.47% | $125,900 | -3.67% |
| 2022-11-20 | $1205.24 | 9.79% | $130,700 | 10.76% |
| 2021-11-20 | $1097.80 | 1.93% | $118,000 | 11.32% |
Listed by: Mark Perrine • Green Pocket Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202443839
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.
