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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% |
Investment property for sale in Kokomo at 229 E Harrison St, Kokomo, IN, 46901 offers a 9.43% rental yield on a $169,900 purchase with $1,335/mo rent. Total monthly income registers $1,335/mo, and a $832/mo payment leaves $315/mo available for distribution. Annual cash flow reaches $3,776/yr on $56,322 to close, and return on cash invested stands at 26.61% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 138.58% and total cumulative return in cash at $78,050. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,335/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1886
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46901, Kokomo, IN area.
| 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 |
Residential
17,188
Single Family
15,687
Multi-Family
1,501
Businesses
983
Date | Event | Price |
|---|---|---|
| 2024-10-15 | Price change | $169,900 |
| 2024-10-01 | Price change | $174,900 |
| 2024-06-19 | Price change | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $282.00 | 9.30% | $14,500 | 2.84% |
| 2022-10-17 | $258.00 | -63.25% | $14,100 | 9.30% |
| 2021-10-17 | $702.00 | 12.14% | $12,900 | -63.25% |
Listed by: Joe Martino • Martino Realty & Auctioneers - Monticello
Mls Name: IRMLS
Mls Provider:
Mls ID: #202415327
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.
