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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 2433 W 400 S, Kokomo, IN, 46902 uses $66,300 cash to close to unlock $12,352/yr annual cash flow and $1,029/mo monthly cash flow. Total monthly income runs $2,230/mo, and a $979/mo payment keeps the spread at $1,029/mo. Purchase price stands at $200,000, and rental yield measures 13.38% with $2,230/mo rent. Return on cash invested shows 38.54% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 202.55% and total cumulative return in cash records $134,288. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,230/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1890
0.66 Acres 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 |
|---|---|---|
| 2025-06-20 | Sold | $200,000 |
| 2025-05-21 | Pending sale | $199,900 |
| 2025-05-19 | Listed for sale | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $742.50 | -11.26% | $135,900 | 5.10% |
| 2023-11-02 | $836.76 | 28.49% | $129,300 | N/A |
| 2022-11-02 | $651.22 | 24.92% | $129,300 | 12.53% |
Listed by: Michele L Burke • RE/MAX Realty One
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518481
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.
