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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% |
Rental property for sale in Kokomo at 2159 Maple Leaf Dr, Kokomo, IN, 46902 priced at $399,900 converts $3,152/mo rent into $727/mo cash flow after a $1,957/mo obligation. Total monthly income equals $3,152/mo, and annual cash flow totals $8,721/yr on $132,567 invested. Return on cash invested prints 26.49% in year one, and rental yield reads 9.46% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 137.96% and total cumulative return in cash sums $182,888. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,152/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Single Family
Built in 2024
9,147 sqft lot
$N/A/sqft
$300 annually 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 |
|---|---|---|
| 2024-09-26 | Listed for sale | $399,900 |
| 2024-06-28 | Sold | $389,900 |
| 2024-06-15 | Pending sale | $399,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Vickie L Candlish • Creative Realty - Kokomo
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437373
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.
