3277 Frances Ln, Kokomo, IN, 46902 | $599/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3277 Frances Ln, Kokomo, IN, 46902 | $599/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 3277 Frances Ln, Kokomo, IN, 46902 earns $599/mo cash flow from $1,949/mo rent with a $1,101/mo payment. Total monthly income totals $1,949/mo, and annual cash flow totals $7,183/yr on $74,588 capital. ROI tracks 29.54% on current figures, and rental yield reads 10.39% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 154.27% and total cumulative return in cash sums $115,065. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,949/mo property income instead of your personal income.

Condo

Built in 1996

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Waiting for the perfect condo to become available? Ta da! Better book your appointment today because this gem features an all-brick exterior, 2 bedrooms, 2 full bathrooms, a 2-car garage, and 1500 sq feet of living space. As you enter the foyer, you will love how it opens into a spacious living room with vaulted ceilings and shelving along the upper perimeter of two wallsperfect for displaying books, plants, or dcor. The kitchen has an updated feel with solid-surface countertops and nicely painted cabinets. The master en-suite is extremely roomy with a large walk-in closet, bathroom with long vanity, and step-in shower. Centrally located, this condo makes life easy with HOA fees that cover lawn care, snow removal, and even roof replacement (the roof was done just 5 years ago). Comfort is covered too with a brand-new A/C unit, plus it comes with a newer washer and dryer and fold-down ironing board. Outside youll find a back and side patio, an outdoor storage shed, and room to relax.

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