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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% |
Investment property for sale in Kokomo at 2011 Wesmar Ct, Kokomo, IN, 46902 listed at $229,900 pairs $2,080/mo rent with a $1,125/mo payment to leave $700/mo cash flow. Total monthly income runs $2,080/mo, and annual cash flow reaches $8,402/yr on $76,212 cash to close. Return on cash invested measures 30.93% in year one, and rental yield registers 10.86% at a $229,900 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,517 by year five. Five-year ROI tracks 161.77% and total cumulative return in cash totals $123,287. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,080/mo property income relative to a $1,125/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
7,840 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 |
|---|---|---|
| 2025-03-31 | Listed for sale | $229,900 |
| 2015-08-10 | Listing removed | $127,900 |
| 2015-05-28 | Listed for sale | $127,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-01 | $1779.00 | 7.30% | $186,800 | 5.00% |
| 2023-04-01 | $1658.00 | 13.25% | $177,900 | 6.65% |
| 2022-04-01 | $1464.00 | 0.62% | $166,800 | 13.24% |
Listed by: Elise Maxwell • The Hardie Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510536
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.
