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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 3226 Morrow Dr, Kokomo, IN, 46902 with 5% annual appreciation on a $230,000 basis while $1,744/mo rent supports operations. Total monthly income totals $1,744/mo and a $1,126/mo payment preserves $349/mo for cash returns. Annual cash flow comes to $4,182/yr on $76,245 deployed, and return on cash invested reaches 25.39% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,545 alongside rental yield of 9.1%. Five-year ROI measures 132.12% and total cumulative return in cash totals $100,735.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,744/mo property income versus a $1,126/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2005
7,405 sqft lot
$N/A/sqft
$175 annually 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 |
|---|---|---|
| 2025-04-05 | Listed for sale | $230,000 |
| 2021-01-29 | Sold | $171,000 |
| 2021-01-23 | Pending sale | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-08 | $1511.00 | 0.07% | $160,400 | 6.15% |
| 2023-04-08 | $1510.00 | 6.79% | $151,100 | -0.98% |
| 2022-04-08 | $1414.00 | 3.14% | $152,600 | 6.79% |
Listed by: Jeani Phifer • True Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511469
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.
