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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 315 N Calumet St, Kokomo, IN, 46901 priced at $120,000 converts $1,022/mo rent into $302/mo cash flow after a $587/mo obligation. Total monthly income equals $1,022/mo, and annual cash flow totals $3,624/yr on $39,780 invested. Return on cash invested prints 29.02% in year one, and rental yield reads 10.22% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 151.45% and total cumulative return in cash sums $60,247. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,022/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1920
6,054 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46901, Kokomo, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,311 (100%) |
| Owner Occupied HU | 10,862 (59.3%) |
| Renter Occupied HU | 5,385 (29.4%) |
| Vacant Housing Units | 2,064 (11.3%) |
| Median Home Value | $165,136 |
| Average Home Value | $194,138 |
Residential
17,188
Single Family
15,687
Multi-Family
1,501
Businesses
983
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: Nick Krieg • Empire Real Estate LLC
Mls Name: IRMLS
Mls ID: #202530205
