231 Sandstone AveKokomoIN46901
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 231 Sandstone Ave, Kokomo, IN, 46901 uses $148,645 cash to close to unlock $6,552/yr annual cash flow and $546/mo monthly cash flow. Total monthly income runs $3,238/mo, and a $2,195/mo payment keeps the spread at $546/mo. Purchase price stands at $448,400, and rental yield measures 8.67% with $3,238/mo rent. Return on cash invested shows 24.32% in year one, and 5% annual appreciation builds toward $123,885 over five years. Five-year ROI reaches 126.27% and total cumulative return in cash records $187,687. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,238/mo property income covering a $2,195/mo payment rather than investor’s personal income.
Single Family
Built in 2024
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
