2700 N Washington St #48M-48KokomoIN46901
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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 2700 N Washington St #48M-48, Kokomo, IN, 46901 uses $38,786 cash to close to unlock $8,116/yr annual cash flow and $676/mo monthly cash flow. Total monthly income runs $1,379/mo, and a $573/mo payment keeps the spread at $676/mo. Purchase price stands at $117,000, and rental yield measures 14.14% with $1,379/mo rent. Return on cash invested shows 40.83% in year one, and 5% annual appreciation builds toward $32,325 over five years. Five-year ROI reaches 214.88% and total cumulative return in cash records $83,341. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,379/mo property income covering a $573/mo payment rather than investor’s personal income.
Manufactured
Built in 1992
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
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