230 Mackinaw Cir, Kokomo, IN, 46902 | $1,037/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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230 Mackinaw Cir, Kokomo, IN, 46902 | $1,037/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

Investment property for sale in Kokomo at 230 Mackinaw Cir, Kokomo, IN, 46902 with 5% annual appreciation on a $349,900 basis while $3,138/mo rent supports operations. Total monthly income totals $3,138/mo and a $1,713/mo payment preserves $1,037/mo for cash returns. Annual cash flow comes to $12,446/yr on $115,992 deployed, and return on cash invested reaches 30.64% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,671 alongside rental yield of 10.76%. Five-year ROI measures 160.18% and total cumulative return in cash totals $185,790.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,138/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 2017

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Are you looking for a turn-key-ready home in a peaceful neighborhood? Youre looking at it! Only 8 years new and offers many tasteful updates to include new carpet downstairs (2025), new interior paint (2025) landscaping (2024), water softener (2024), all updated lighting/fans (2024), updated blinds/curtains (2024), & fully serviced furnace/AC (2024). This meticulously maintained home displays pride in ownership in every corner. Dont worry about mowing the yard or removing snow because thats included in the HOA which is paid through the end of the year by the seller! This home boasts 4 bedrooms with a large master en suite and laundry room upstairs for added convenience. The kitchen features a large island and ample space for dining ideal for entertainment which opens to the living room. This immaculate home is in the highly desirable Preserves at Bridgewater Subdivision in Western School District only a walk away from Jackson Morrow Park! What are you waiting for?

Neighborhood Data

Neighborhood data shown for ZIP Code: 46902, Kokomo, IN area.

Housing Distribution

Housing Statistics

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