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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 2305 Hillis Ct, Kokomo, IN, 46902 listed at $165,000 pairs $1,650/mo rent with a $808/mo payment to leave $659/mo cash flow. Total monthly income runs $1,650/mo, and annual cash flow reaches $7,909/yr on $54,698 cash to close. Return on cash invested measures 34.37% in year one, and rental yield registers 12% at a $165,000 basis. Equity gained on principal adds $1,065/yr, and annual property appreciation at 5% supports $45,586 by year five. Five-year ROI tracks 180.23% and total cumulative return in cash totals $98,579. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,650/mo property income relative to a $808/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
4,225 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46902, Kokomo, IN area.
| 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 |
Residential
17,385
Single Family
15,243
Multi-Family
2,142
Businesses
1,038
Date | Event | Price |
|---|---|---|
| 2025-06-13 | Listed for sale | $165,000 |
| 2025-05-23 | Sold | $85,000 |
| 2025-04-30 | Pending sale | $95,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-16 | $1072.00 | -3.51% | $119,900 | 12.48% |
| 2023-06-16 | $1111.02 | 28.60% | $106,600 | 4.31% |
| 2022-06-16 | $863.94 | 17.74% | $102,200 | 15.61% |
Listed by: Dianna Wilburn • RE/MAX Realty One
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522662
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.
