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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 3295 Frances Ln, Kokomo, IN, 46902 offers a 9.18% rental yield on a $164,000 purchase with $1,255/mo rent. Total monthly income registers $1,255/mo, and a $803/mo payment leaves $270/mo available for distribution. Annual cash flow reaches $3,243/yr on $54,366 to close, and return on cash invested stands at 25.87% in year one. Equity gained on principal adds $1,058/yr while 5% annual appreciation supports $45,310 over five years. Portfolio math shows five-year ROI at 134.64% and total cumulative return in cash at $73,197. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,255/mo property income against a $803/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1997
5,750 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-08-18 | Sold | $164,000 |
| 2025-07-14 | Price change | $164,900 |
| 2025-06-16 | Listed for sale | $165,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-29 | $1351.00 | 183.51% | $146,500 | 8.44% |
| 2023-10-29 | $476.52 | N/A | $135,100 | 1.20% |
| 2022-10-29 | N/A | N/A | $133,500 | 17.00% |
Listed by: Belinda Gibbs • cfd Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523008
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.
