4313 Springmill 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
Investment property for sale in Kokomo at 4313 Springmill Dr, Kokomo, IN, 46902 at $299,000 posts ROI 23.02% with $257/mo cash flow from $2,051/mo rent. Total monthly income equals $2,051/mo, and annual cash flow records $3,079/yr on $99,119 to close. Return on cash invested measures 23.02% and rental yield reads 8.23% at the current $299,000. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 by year five. Five-year ROI prints 119.27% and total cumulative return in cash totals $118,222.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,051/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2004
7,405 sqft 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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