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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 3116 Chris Ct, Kokomo, IN, 46902 at $224,900 posts ROI 29.93% with $623/mo cash flow from $1,973/mo rent. Total monthly income equals $1,973/mo, and annual cash flow records $7,473/yr on $74,554 to close. Return on cash invested measures 29.93% and rental yield reads 10.53% at the current $224,900. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 by year five. Five-year ROI prints 156.37% and total cumulative return in cash totals $116,581.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,973/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1967
0.47 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 |
|---|---|---|
| 2025-03-14 | Listed for sale | $224,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-17 | $1006.28 | 31.67% | $163,500 | 6.51% |
| 2022-03-17 | $764.22 | 83.06% | $153,500 | 7.57% |
| 2021-03-17 | $417.48 | 56.25% | $142,700 | 13.07% |
Listed by: Kris Wunderlich • RE/MAX Realty One
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508271
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.
