3923 E 400 S, Kokomo, IN, 46902 | $460/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3923 E 400 S, Kokomo, IN, 46902 | $460/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 3923 E 400 S, Kokomo, IN, 46902 uses $82,842 cash to close to unlock $5,520/yr annual cash flow and $460/mo monthly cash flow. Total monthly income runs $1,960/mo, and a $1,223/mo payment keeps the spread at $460/mo. Purchase price stands at $249,900, and rental yield measures 9.41% with $1,960/mo rent. Return on cash invested shows 26.57% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 138.4% and total cumulative return in cash records $114,650. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,960/mo property income covering a $1,223/mo payment rather than investor’s personal income.

Single Family

Built in 1968

0.55 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming three bedroom, one and a half bath ranch set on over half an acre in a peaceful rural setting. This home features both an attached two car garage and a detached two car garage, offering plenty of storage and parking. Inside you will find two spacious living areas, a dining room and a bright sunroom, perfect for relaxing and entertaining. Many updates have been done to the home including: new interior paint, all new laminate flooring , carpet, interior doors and trim in the past 4years, completely remodeled bathrooms '22 and '24, new AC/furnace '21, new roof-garage '22 and house '23, new well pump, pressure tank, pressure switch '24, new gutters (west and south side of house), new siding/windows (west and south side of garage), new garage door opener on house garage, new gutters on garage, and new back door and door to garage. The driveway has also been resealed. All you need to do is move right into this beautiful home!

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