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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 1923 N Apperson Way, Kokomo, IN, 46901 generates $970/mo in rent and, after a $685/mo payment, leaves $130/mo in cash flow. Total monthly income is $970/mo, and annual cash flow is $1,559/yr on $46,377 invested. Return on cash invested sits at 23.27% in year one, and rental yield is 8.32% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 120.61% and total cumulative return in cash sums $55,935. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $970/mo property income rather than buyer’s personal income.
Single Family
Built in 1909
6,098 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 |
|---|---|---|
| 2025-03-30 | Listed for sale | $139,900 |
| 2024-01-12 | Sold | $21,000 |
| 2023-12-01 | Price change | $29,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-01 | $498.00 | 100.81% | $27,100 | 12.45% |
| 2023-04-01 | $248.00 | 3.33% | $24,100 | 107.76% |
| 2022-04-01 | $240.00 | 0.01% | $11,600 | 2.65% |
Listed by: Christy Dechert • The Hardie Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510446
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.
