1948 S Courtland AveKokomoIN46902
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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
Investment property for sale in Kokomo at 1948 S Courtland Ave, Kokomo, IN, 46902 offers a 10.72% rental yield on a $155,500 purchase with $1,389/mo rent. Total monthly income registers $1,389/mo, and a $761/mo payment leaves $456/mo available for distribution. Annual cash flow reaches $5,468/yr on $51,548 to close, and return on cash invested stands at 30.52% in year one. Equity gained on principal adds $1,003/yr while 5% annual appreciation supports $42,962 over five years. Portfolio math shows five-year ROI at 159.52% and total cumulative return in cash at $82,229. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,389/mo property income against a $761/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1940
6,534 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: Alyssa Richey • Miles Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522487
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.