2829 Beachwalk LnKokomoIN46902
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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
Rental property for sale in Kokomo at 2829 Beachwalk Ln, Kokomo, IN, 46902 priced at $260,000 converts $1,831/mo rent into $250/mo cash flow after a $1,273/mo obligation. Total monthly income equals $1,831/mo, and annual cash flow totals $2,998/yr on $86,190 invested. Return on cash invested prints 23.39% in year one, and rental yield reads 8.45% against a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation compiles into $71,833 by year five. Five-year ROI reaches 121.34% and total cumulative return in cash sums $104,585. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,831/mo property income covering a $1,273/mo payment, not borrower’s personal income.
Single Family
Built in 2003
8,276 sqft lot
$N/A/sqft
$240 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46902, Kokomo, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
17,385
Single Family
15,243
Multi-Family
2,142
Businesses
1,038
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Listed by: Holly Stone • The Hardie Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521798
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.