216 Ariel Ct, Kokomo, IN, 46901 | $586/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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216 Ariel Ct, Kokomo, IN, 46901 | $586/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

Rental property for sale in Kokomo at 216 Ariel Ct, Kokomo, IN, 46901 priced at $226,900 converts $1,948/mo rent into $586/mo cash flow after a $1,111/mo obligation. Total monthly income equals $1,948/mo, and annual cash flow totals $7,026/yr on $75,217 invested. Return on cash invested prints 29.25% in year one, and rental yield reads 10.3% against a $226,900 entry. Equity gained on principal adds $1,464/yr, while 5% annual appreciation compiles into $62,688 by year five. Five-year ROI reaches 152.72% and total cumulative return in cash sums $114,869. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,948/mo property income covering a $1,111/mo payment, not borrower’s personal income.

Single Family

Built in 2002

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautiful 3 bedroom, 2 bath home with newer out building which makes a great rec room, man cave or guest quarters. All appliances remain including washer and dryer. Open concept through great room, dining room and kitchen. Gas log fireplace, 2 car attached garage and covered patio. Owner's suite with full bath. Beautiful cathedral arched cabinetry in kitchen with solid surface countertops.

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