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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 4001 Concord Ave, Kokomo, IN, 46902 offers $1,607/mo rent that, after a $1,174/mo payment, leaves $167/mo cash flow. Total monthly income is $1,607/mo, and annual cash flow is $2,005/yr on $79,527 cash. Return on cash invested measures 22.43% in year one, and rental yield stands at 8.04% at a $239,900 entry. Equity gained on principal adds $1,548/yr while 5% annual appreciation compounds into $66,280 by year five. Five-year ROI records 116.17% and total cumulative return in cash reaches $92,383. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,607/mo property income versus a $1,174/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.42 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 |
|---|---|---|
| 2025-04-17 | Listed for sale | $239,900 |
| 2020-08-14 | Sold | $156,500 |
| 2020-06-12 | Price change | $167,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-18 | $1754.00 | -0.93% | $180,800 | 3.08% |
| 2023-04-18 | $1770.44 | 9.25% | $175,400 | 3.60% |
| 2022-04-18 | $1620.60 | -31.35% | $169,300 | 8.73% |
Listed by: Gina Key • The Hardie Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513221
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.
