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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 404 N Forest Dr, Kokomo, IN, 46901 priced at $365,000 converts $2,841/mo rent into $592/mo cash flow after a $1,786/mo obligation. Total monthly income equals $2,841/mo, and annual cash flow totals $7,105/yr on $120,998 invested. Return on cash invested prints 25.78% in year one, and rental yield reads 9.34% against a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,843 by year five. Five-year ROI reaches 134.32% and total cumulative return in cash sums $162,523. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,841/mo property income covering a $1,786/mo payment, not borrower’s personal income.
Single Family
Built in 1938
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46901, Kokomo, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,311 (100%) |
| Owner Occupied HU | 10,862 (59.3%) |
| Renter Occupied HU | 5,385 (29.4%) |
| Vacant Housing Units | 2,064 (11.3%) |
| Median Home Value | $165,136 |
| Average Home Value | $194,138 |
Residential
17,188
Single Family
15,687
Multi-Family
1,501
Businesses
983
Date | Event | Price |
|---|---|---|
| 2025-08-05 | Sold | $365,000 |
| 2025-08-05 | Pending sale | $369,900 |
| 2025-05-01 | Price change | $369,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $3731.00 | -0.53% | $371,300 | -0.48% |
| 2023-11-02 | $3751.00 | 14.19% | $373,100 | N/A |
| 2022-11-02 | $3285.00 | 14.93% | $373,100 | 15.83% |
Listed by: Kristine E Miller • Apple Tree Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512585
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.
