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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% |
Rental property for sale in Kokomo at 2509 Spring Grove Dr, Kokomo, IN, 46902 generates $2,174/mo in rent and, after a $1,223/mo payment, leaves $674/mo in cash flow. Total monthly income is $2,174/mo, and annual cash flow is $8,088/yr on $82,842 invested. Return on cash invested sits at 29.67% in year one, and rental yield is 10.44% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 155.01% and total cumulative return in cash sums $128,414. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,174/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
0.47 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 |
|---|---|---|
| 2024-10-11 | Listed for sale | $249,900 |
| 2021-10-08 | Sold | $164,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $1227.28 | 46.94% | $176,400 | 4.38% |
| 2022-10-17 | $835.20 | -47.07% | $169,000 | 9.60% |
| 2021-10-17 | $1578.00 | 8.16% | $154,200 | -2.28% |
What's Special
Pull Down Stairs
Listed by: Gina Key • The Hardie Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439506
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.
