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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 3024 W 50th Rd S, Kokomo, IN, 46902 generates $1,554/mo in rent and, after a $1,042/mo payment, leaves $276/mo in cash flow. Total monthly income is $1,554/mo, and annual cash flow is $3,312/yr on $70,576 invested. Return on cash invested sits at 24.6% in year one, and rental yield is 8.76% on a $212,900 entry. Equity gained on principal adds $1,374/yr, while 5% annual appreciation builds toward $58,820 over five years. Five-year ROI reaches 127.83% and total cumulative return in cash sums $90,218. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,554/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
0.92 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 |
|---|---|---|
| 2024-08-22 | Price change | $212,900 |
| 2024-07-30 | Listed for sale | $217,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Missy Jackson • RE/MAX Realty One
Mls Name: IRMLS
Mls Provider:
Mls ID: #202428501
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.
