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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 37 Alta Ln, Kokomo, IN, 46902 priced at $185,000 pairs $1,432/mo rent with $322/mo cash flow after a $905/mo payment. Total monthly income equals $1,432/mo, and annual cash flow comes to $3,864/yr on $61,328 invested. Return on cash invested is 26.21% in year one, and rental yield stands at 9.29% on a $185,000 basis. Equity gained on principal adds $1,194/yr, and 5% annual appreciation accumulates to $51,112 by year five. Five-year ROI measures 136.37% and total cumulative return in cash reaches $83,631. For financing, Ziffy Mortgage’s DSCR program evaluates $1,432/mo property income against a $905/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1963
0.36 Acres 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 |
|---|---|---|
| 2025-09-24 | Sold | $185,000 |
| 2025-09-08 | Pending sale | $189,900 |
| 2025-09-02 | Price change | $189,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-11 | $1158.00 | 0.52% | $129,800 | 12.09% |
| 2023-10-11 | $1152.00 | 2.86% | $115,800 | N/A |
| 2022-10-11 | $1120.00 | 14.96% | $115,800 | 2.93% |
Listed by: Jessie Matthews • D.R. Indiana Realty LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202531090
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.
