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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% |
Investment property for sale in Kokomo at 503 S Washington St, Kokomo, IN, 46901 offers a 11.16% rental yield on a $227,900 purchase with $2,119/mo rent. Total monthly income registers $2,119/mo, and a $1,115/mo payment leaves $751/mo available for distribution. Annual cash flow reaches $9,017/yr on $75,549 to close, and return on cash invested stands at 31.84% in year one. Equity gained on principal adds $1,471/yr while 5% annual appreciation supports $62,965 over five years. Portfolio math shows five-year ROI at 166.63% and total cumulative return in cash at $125,887. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,119/mo property income against a $1,115/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1903
8,276 sqft 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 |
|---|---|---|
| 2022-12-30 | Sold | $188,000 |
| 2022-11-14 | Pending sale | $199,900 |
| 2022-11-14 | Contingent | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-23 | $1527.00 | -11.12% | $186,400 | 22.07% |
| 2023-05-23 | $1718.00 | -5.60% | $152,700 | 77.76% |
| 2022-05-23 | $1820.00 | -7.33% | $85,900 | -5.60% |
Listed by: Kristine E Miller • Apple Tree Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519009
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.
