216 Ariel CtKokomoIN46901
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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 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
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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