3414 Weathered Rock CirKokomoIN46902
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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
Investment Highlights
Rental property for sale in Kokomo at 3414 Weathered Rock Cir, Kokomo, IN, 46902 priced at $199,900 converts $1,581/mo rent into $317/mo cash flow after a $978/mo obligation. Total monthly income equals $1,581/mo, and annual cash flow totals $3,799/yr on $66,267 invested. Return on cash invested prints 25.64% in year one, and rental yield reads 9.49% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 133.79% and total cumulative return in cash sums $88,657. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,581/mo property income covering a $978/mo payment, not borrower’s personal income.
Condo
Built in 2001
6,141 sqft lot
$N/A/sqft
$57 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
17,385
Single Family
15,243
Multi-Family
2,142
Businesses
1,038
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Listed by: Naomi Eason • RE/MAX Realty One
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436241
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.