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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 411 Devonshire Dr, Kokomo, IN, 46901 priced at $160,000 converts $1,439/mo rent into $479/mo cash flow after a $783/mo obligation. Total monthly income equals $1,439/mo, and annual cash flow totals $5,744/yr on $53,040 invested. Return on cash invested prints 30.74% in year one, and rental yield reads 10.79% against a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,205 by year five. Five-year ROI reaches 160.66% and total cumulative return in cash sums $85,214. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,439/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.29 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 |
|---|---|---|
| 2025-03-21 | Listed for sale | $160,000 |
| 2013-03-22 | Sold | $64,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-23 | $815.68 | 4.86% | $91,900 | 0.55% |
| 2023-03-23 | $777.90 | 58.56% | $91,400 | 3.16% |
| 2022-03-23 | $490.60 | 4.61% | $88,600 | 21.70% |
Listed by: Courtney Gaddis • The Wyman Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509246
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.
