223 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
Investment property for sale in Kokomo at 223 Ariel Ct, Kokomo, IN, 46901 with 5% annual appreciation on a $222,000 basis while $1,856/mo rent supports operations. Total monthly income totals $1,856/mo and a $1,087/mo payment preserves $523/mo for cash returns. Annual cash flow comes to $6,275/yr on $73,593 deployed, and return on cash invested reaches 28.44% in year one. Equity gained on principal adds $1,433/yr, and five-year appreciation sums $61,335 alongside rental yield of 10.03%. Five-year ROI measures 148.32% and total cumulative return in cash totals $109,155.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,856/mo property income versus a $1,087/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2001
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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