4203 Gary Lee DrKokomoIN46902
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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
Investment Highlights
Rental property for sale in Kokomo at 4203 Gary Lee Dr, Kokomo, IN, 46902 priced at $329,000 pairs $3,006/mo rent with $1,031/mo cash flow after a $1,610/mo payment. Total monthly income equals $3,006/mo, and annual cash flow comes to $12,376/yr on $109,064 invested. Return on cash invested is 31.26% in year one, and rental yield stands at 10.96% on a $329,000 basis. Equity gained on principal adds $2,123/yr, and 5% annual appreciation accumulates to $90,897 by year five. Five-year ROI measures 163.47% and total cumulative return in cash reaches $178,281. For financing, Ziffy Mortgage’s DSCR program evaluates $3,006/mo property income against a $1,610/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
1 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
17,385
Single Family
15,243
Multi-Family
2,142
Businesses
1,038
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