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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 205 Luke Ct, Kokomo, IN, 46901 with 5% annual appreciation on a $275,000 basis while $1,892/mo rent supports operations. Total monthly income totals $1,892/mo and a $1,346/mo payment preserves $241/mo for cash returns. Annual cash flow comes to $2,895/yr on $91,163 deployed, and return on cash invested reaches 23.08% in year one. Equity gained on principal adds $1,775/yr, and five-year appreciation sums $75,977 alongside rental yield of 8.26%. Five-year ROI measures 119.67% and total cumulative return in cash totals $109,091.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,892/mo property income versus a $1,346/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2018
7,405 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 |
|---|---|---|
| 2025-04-15 | Listed for sale | $275,000 |
| 2019-03-28 | Sold | $149,900 |
| 2019-03-18 | Pending sale | $149,490 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-16 | $1653.00 | 16.08% | $190,200 | 15.06% |
| 2023-04-16 | $1424.00 | -1.86% | $165,300 | 16.08% |
| 2022-04-16 | $1451.00 | -3.52% | $142,400 | -1.86% |
Listed by: Jessie Matthews • D.R. Indiana Realty LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512883
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.
