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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 2703 N Apperson Way, Kokomo, IN, 46901 listed at $113,000 pairs $1,478/mo rent with a $553/mo payment to leave $800/mo cash flow. Total monthly income runs $1,478/mo, and annual cash flow reaches $9,597/yr on $37,460 cash to close. Return on cash invested measures 45.53% in year one, and rental yield registers 15.7% at a $113,000 basis. Equity gained on principal adds $729/yr, and annual property appreciation at 5% supports $31,220 by year five. Five-year ROI tracks 240.02% and total cumulative return in cash totals $89,909. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,478/mo property income relative to a $553/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1955
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46901, Kokomo, IN area.
| 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 |
Residential
17,188
Single Family
15,687
Multi-Family
1,501
Businesses
983
Date | Event | Price |
|---|---|---|
| 2025-08-22 | Sold | $113,000 |
| 2025-07-15 | Pending sale | $109,900 |
| 2025-07-11 | Listed for sale | $109,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-15 | $508.04 | 18.12% | $65,000 | 8.15% |
| 2023-10-15 | $430.12 | 21.39% | $60,100 | -5.06% |
| 2022-10-15 | $354.32 | -12.31% | $63,300 | 16.79% |
Listed by: Christy Dechert • The Hardie Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202526865
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.
