511 W Sycamore St, Kokomo, IN, 46901 | $419/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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511 W Sycamore St, Kokomo, IN, 46901 | $419/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

Investment property for sale in Kokomo at 511 W Sycamore St, Kokomo, IN, 46901 earns $419/mo cash flow from $1,620/mo rent with a $979/mo payment. Total monthly income totals $1,620/mo, and annual cash flow totals $5,032/yr on $66,300 capital. ROI tracks 27.5% on current figures, and rental yield reads 9.72% at a $200,000 purchase. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 over five years. Five-year ROI reaches 143.34% and total cumulative return in cash sums $95,036. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,620/mo property income instead of your personal income.

Single Family

Built in 1882

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautiful 4 Bedroom, 2 Full Bath Victorian Home on 1/3 Acre in the Heart Of Downtown Kokomo. Short stroll to Foster Park, Retail and Restaurants as well as nearby Active Farmers Market. Gorgeous Mature Trees Highlight the Fenced in Back Yard for all your Entertainment needs as well as convenient access to the Walkout Basement. Huge covered Front Porch is inviting into the Main 2 Story Foyer highlighted by the Stunning Spiral Staircase. Original Hard wood Floors are restored in many Areas and More Refinishing of Floors is an Option. The Parlor/ Formal Living Room and Family Room both include Fireplaces. Main Floor Living is Highlighted by a Owners Suite with Large WI Closet + Shelving as well as Nearby Main Floor Updated Full Bath with a WI Shower. The Galley Kitchen has many updates including tons of Cabinets as well as Loads of Countertop Space + Step in Pantry. The Dining Room is just off the Kitchen for all those Large Function/Parties with easily 12+ Person Seating Options if Not More. Upstairs includes 3 Large Bedrooms as big as Most Owners Suites with a Shared Full 2nd Bathtub/Shower Combo. Large Closets and Storage Space. Outside includes a 2 Car Garage with a Possibility of turning the Outside Garage Party Area with a Door Added Back into a 3rd Car Garage. Long Driveway with Lots of Parking for Guests, Family and Friends. Bring your Vision and Personal Touches to return this Charming Home Back to its yesteryear Glory. Home has the Potential to Rezone as Commercial.

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