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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 3008 Lamplighter Ln, Kokomo, IN, 46902 listed at $294,900 pairs $2,566/mo rent with a $1,443/mo payment to leave $796/mo cash flow. Total monthly income runs $2,566/mo, and annual cash flow reaches $9,554/yr on $97,759 cash to close. Return on cash invested measures 29.68% in year one, and rental yield registers 10.44% at a $294,900 basis. Equity gained on principal adds $1,903/yr, and annual property appreciation at 5% supports $81,475 by year five. Five-year ROI tracks 155.05% and total cumulative return in cash totals $151,579. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,566/mo property income relative to a $1,443/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2014
740.52 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Naomi Eason • RE/MAX Realty One
Mls Name: IRMLS
Mls ID: #202544000
