3201 Walton Way, Kokomo, IN, 46902 | $1,210/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3201 Walton Way, Kokomo, IN, 46902 | $1,210/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 3201 Walton Way, Kokomo, IN, 46902 offers a 10.83% rental yield on a $399,900 purchase with $3,610/mo rent. Total monthly income registers $3,610/mo, and a $1,957/mo payment leaves $1,210/mo available for distribution. Annual cash flow reaches $14,517/yr on $132,567 to close, and return on cash invested stands at 30.86% in year one. Equity gained on principal adds $2,580/yr while 5% annual appreciation supports $110,485 over five years. Portfolio math shows five-year ROI at 161.31% and total cumulative return in cash at $213,848. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,610/mo property income against a $1,957/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1986

0.44 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this spacious and uniquely designed 4-bedroom, 3-bath home located in the desirable Walton Woods subdivision. With 3,603 square feet of high-quality construction, this home offers vaulted ceilings, a formal dining room, and a newly finished basementideal for flexible living and entertaining. The primary suite is a true retreat, featuring a separate vanity room, a spa-like bath with a large tiled walk-in shower and soaking tub, and a massive 15x15 walk-in closet. A private stairway from the 3-car attached garage offers convenient direct access to the master bedroom. The main-level bedroom could be used as an office which also features a keypad locked safe room/closet. Updates in the last year include: New AC & furnace, sump pump, water heater, landscaping, and fresh paint. Within the last two years: New garage doors, seamless gutters with gutter guards, picket fence, well pump, reverse osmosis system, remodeled bathrooms, new flooring, modern kitchen appliances, and granite countertops.

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