3099 Morrow Dr, Kokomo, IN, 46902 | $376/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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3099 Morrow Dr, Kokomo, IN, 46902 | $376/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 3099 Morrow Dr, Kokomo, IN, 46902 offers a 8.51% rental yield on a $344,900 purchase with $2,446/mo rent. Total monthly income registers $2,446/mo, and a $1,688/mo payment leaves $376/mo available for distribution. Annual cash flow reaches $4,509/yr on $114,334 to close, and return on cash invested stands at 23.85% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,290 over five years. Portfolio math shows five-year ROI at 123.75% and total cumulative return in cash at $141,489. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,446/mo property income against a $1,688/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2006

0.31 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to a home that has been cared for with pride and designed for both comfort and entertaining. Sitting on a large fenced-in lot, this property offers everything you needindoors and out. Outside, youll find a stone fire pit for year-round enjoyment, a 12x12 shed on a slab for extra storage, and a custom stamped concrete patio perfect for outdoor entertaining. Inside, the living room features a cozy gas fireplace, and the formal dining room provides a great space for gatherings. The kitchen includes 18x18 ceramic tile flooring, matching appliances, a walk-in pantry, and engineered hardwood flooring. A versatile loft space offers room for an office, playroom, or additional living area, complemented by 9-foot ceilings on the main level. The primary suite includes an oversized walk-in closet and an en-suite with a jacuzzi tub, stand-up shower, and separate linen and water closets, creating a private retreat at the end of the day.

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