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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 323 N Berkley Rd, Kokomo, IN, 46901 generates $1,325/mo in rent and, after a $808/mo payment, leaves $334/mo in cash flow. Total monthly income is $1,325/mo, and annual cash flow is $4,009/yr on $54,698 invested. Return on cash invested sits at 27.24% in year one, and rental yield is 9.64% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 141.97% and total cumulative return in cash sums $77,651. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,325/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
7,405 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 |
|---|---|---|
| 2025-06-06 | Sold | $165,000 |
| 2025-05-29 | Pending sale | $164,900 |
| 2025-05-12 | Listed for sale | $164,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $845.76 | -2.03% | $107,800 | 15.91% |
| 2023-10-24 | $863.32 | 6.71% | $93,000 | N/A |
| 2022-10-24 | $809.02 | 19.84% | $93,000 | 2.88% |
Listed by: Tanya Morgan • The Wyman Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517176
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.
