407 S 400 E, Kokomo, IN, 46901 | $761/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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407 S 400 E, Kokomo, IN, 46901 | $761/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

Rental property for sale in Kokomo at 407 S 400 E, Kokomo, IN, 46901 generates $2,261/mo in rent and, after a $1,223/mo payment, leaves $761/mo in cash flow. Total monthly income is $2,261/mo, and annual cash flow is $9,132/yr on $82,842 invested. Return on cash invested sits at 30.93% in year one, and rental yield is 10.86% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 161.78% and total cumulative return in cash sums $134,018. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,261/mo property income rather than buyer’s personal income.

Single Family

Built in 1977

0.55 Acres lot

$N/A/sqft

No HOA

More details about the property

Spacious brick ranch offering nearly 1,900 sq ft with 4 bedrooms and 2 full bathrooms. This home features an applianced kitchen complete with island and pantry closet that opens to the family room, creating a great flow for everyday living. A separate living room adds additional gathering space. The primary suite includes a private bathroom and walk-in cedar closet. Enjoy the convenience of a private laundry room with direct access to the backyard. Outdoor living is enhanced with a patio, partial fence, and plenty of storage including a 20x10 shed. The property also boasts both an attached 2-car garage and an oversized detached 2-car garageperfect for hobbies, vehicles, or workshop space. Topped with a durable metal roof, this home combines comfort and practicality inside and out.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46901, Kokomo, IN area.

Housing Distribution

Housing Statistics

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