Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 3313 Morrow Dr, Kokomo, IN, 46902 offers a 7.71% rental yield on a $275,000 purchase with $1,767/mo rent. Total monthly income registers $1,767/mo, and a $1,346/mo payment leaves $116/mo available for distribution. Annual cash flow reaches $1,395/yr on $91,163 to close, and return on cash invested stands at 21.44% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 110.85% and total cumulative return in cash at $101,051. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,767/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
7,405 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 |
|---|---|---|
| 2025-06-24 | Listed for sale | $275,000 |
| 2024-03-21 | Sold | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-26 | $386.00 | -33.33% | $19,300 | N/A |
| 2023-06-26 | $579.00 | N/A | $19,300 | N/A |
| 2022-06-26 | $579.00 | -1.03% | $19,300 | N/A |
Listed by: Chris Beatty • The Hardie Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524244
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.
