2124 N Market StKokomoIN46901
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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
Rental property for sale in Kokomo at 2124 N Market St, Kokomo, IN, 46901 generates $1,167/mo in rent and, after a $612/mo payment, leaves $416/mo in cash flow. Total monthly income is $1,167/mo, and annual cash flow is $4,998/yr on $41,436 invested. Return on cash invested sits at 31.97% in year one, and rental yield is 11.2% on a $124,995 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,534 over five years. Five-year ROI reaches 167.34% and total cumulative return in cash sums $69,339. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,167/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46901, Kokomo, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
17,188
Single Family
15,687
Multi-Family
1,501
Businesses
983
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