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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 321 N Webster St, Kokomo, IN, 46901 uses $67,958 cash to close to unlock $11,637/yr annual cash flow and $970/mo monthly cash flow. Total monthly income runs $2,200/mo, and a $1,003/mo payment keeps the spread at $970/mo. Purchase price stands at $205,000, and rental yield measures 12.88% with $2,200/mo rent. Return on cash invested shows 37.03% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 194.44% and total cumulative return in cash records $132,138. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,200/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1948
9,147 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 |
|---|---|---|
| 2025-01-10 | Sold | $205,000 |
| 2024-12-11 | Pending sale | $214,900 |
| 2024-11-12 | Price change | $214,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $1684.00 | N/A | $190,500 | 13.12% |
| 2023-11-02 | $1684.00 | 13.78% | $168,400 | N/A |
| 2022-11-02 | $1480.00 | 6.47% | $168,400 | 13.78% |
Listed by: Michael Mygrant • Mygrant Realty & Appraisals
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439248
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.
