5113 Ojibway 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 5113 Ojibway Dr, Kokomo, IN, 46902 earns $482/mo cash flow from $1,352/mo rent with a $709/mo payment. Total monthly income totals $1,352/mo, and annual cash flow totals $5,789/yr on $48,034 capital. ROI tracks 31.96% on current figures, and rental yield reads 11.2% at a $144,900 purchase. Equity gained on principal adds $935/yr, and 5% annual appreciation supports $40,033 over five years. Five-year ROI reaches 167.26% and total cumulative return in cash sums $80,341. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,352/mo property income instead of your personal income.
Single Family
Built in 1958
7,492 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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