308 Cypress Ct, Kokomo, IN, 46902 | $578/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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308 Cypress Ct, Kokomo, IN, 46902 | $578/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Kokomo at 308 Cypress Ct, Kokomo, IN, 46902 with 5% annual appreciation on a $225,000 basis while $1,928/mo rent supports operations. Total monthly income totals $1,928/mo and a $1,101/mo payment preserves $578/mo for cash returns. Annual cash flow comes to $6,931/yr on $74,588 deployed, and return on cash invested reaches 29.2% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 10.28%. Five-year ROI measures 152.43% and total cumulative return in cash totals $113,697.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,928/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1966

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

Filled with curb appeal and thoughtful updates, this bi-level home sits on a corner lot in the desirable Western School District. The upper level features three bedrooms, a renovated full bath, and new flooring throughout. The kitchen is equipped with a new refrigerator and updated light fixtures that continue throughout the home, adding a fresh modern feel. Downstairs, youll find a spacious master en suite complete with a newly renovated bath and a second living areaideal for guests, entertaining, or a private retreat. An all-in-one washer and dryer remain with the home for added convenience. Exterior updates include new landscaping and a new privacy fence, offering both curb appeal and comfort. This move-in-ready property combines modern updates with a great location!

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