2118 Chevy Ct, Kokomo, IN, 46902 | $251/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2118 Chevy Ct, Kokomo, IN, 46902 | $251/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Kokomo at 2118 Chevy Ct, Kokomo, IN, 46902 listed at $209,900 pairs $1,511/mo rent with a $1,027/mo payment to leave $251/mo cash flow. Total monthly income runs $1,511/mo, and annual cash flow reaches $3,016/yr on $69,582 cash to close. Return on cash invested measures 24.24% in year one, and rental yield registers 8.64% at a $209,900 basis. Equity gained on principal adds $1,354/yr, and annual property appreciation at 5% supports $57,992 by year five. Five-year ROI tracks 125.89% and total cumulative return in cash totals $87,596. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,511/mo property income relative to a $1,027/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1971

0.32 Acres lot

$N/A/sqft

No HOA

More details about the property

This well-maintained 4-bedroom home offers space, versatility, and comfort both inside and out. The main level features an oversized living room with a cozy gas fireplace which could be converted back to wood-burning, and is perfect for gatherings. A 4-seasons room with a gas stove heater provides year-round enjoyment and extra living space. The kitchen comes complete with appliances, making move-in easy. Upstairs, youll find a private apartment with its own bedroom, full bath, and kitchenideal for guests or extended family. With access through the garage or a private outdoor entrance, its a versatile space that adds incredible value. Outside, the fenced yard provides plenty of room for play, pets, or gardening. There is more than enough garage space, including a 2-car attached garage plus an additional 2-car detached garage. Recent updates include a 2-year-old roof and newer windows in most rooms, giving peace of mind for years to come. This property combines comfort, flexibility, and peace of mindall in one inviting package.

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