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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 2448 Tam O Shanter Rd, Kokomo, IN, 46902 uses $53,040 cash to close to unlock $5,564/yr annual cash flow and $464/mo monthly cash flow. Total monthly income runs $1,424/mo, and a $783/mo payment keeps the spread at $464/mo. Purchase price stands at $160,000, and rental yield measures 10.68% with $1,424/mo rent. Return on cash invested shows 30.4% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 158.87% and total cumulative return in cash records $84,266. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,424/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1963
7,840 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 |
|---|---|---|
| 2025-06-24 | Sold | $160,000 |
| 2025-05-20 | Listed for sale | $165,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-04 | $1042.00 | 5.89% | $117,600 | 12.86% |
| 2023-11-04 | $984.00 | 37.76% | $104,200 | 5.15% |
| 2022-11-04 | $714.26 | 21.87% | $99,100 | 16.18% |
Listed by: Dianna Wilburn • RE/MAX Realty One
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518672
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.
