4026 Colter Dr, Kokomo, IN, 46902 | $618/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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4026 Colter Dr, Kokomo, IN, 46902 | $618/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 4026 Colter Dr, Kokomo, IN, 46902 earns $618/mo cash flow from $1,938/mo rent with a $1,076/mo payment. Total monthly income totals $1,938/mo, and annual cash flow totals $7,419/yr on $72,897 capital. ROI tracks 30.09% on current figures, and rental yield reads 10.58% at a $219,900 purchase. Equity gained on principal adds $1,419/yr, and 5% annual appreciation supports $60,754 over five years. Five-year ROI reaches 157.23% and total cumulative return in cash sums $114,616. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,938/mo property income instead of your personal income.

Condo

Built in 1993

8,040 sqft lot

$N/A/sqft

No HOA

More details about the property

Enjoy low-maintenance living in this well-maintained brick condo offering nearly 1,500 square feet, 2 bedrooms, and 2 full bathrooms. The open layout features a vaulted ceiling that creates an airy connection between the living and dining areas, complemented by abundant natural light. A charming four-seasons room with built-in bookshelves provides a cozy retreat for reading or relaxing year-round. The spacious, applianced kitchen offers generous cabinetry and excellent workspace. The primary bedroom includes a large walk-in closet and a private en-suite bathroom with a walk-in shower and dual vanity. Additional features include a private laundry room with washer, dryer, and storage space, a 2-car attached garage, and a rear patio for outdoor enjoyment. A wonderful opportunity for comfort, convenience, and easy living.

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