524 Holly Ln, Kokomo, IN, 46902 | $368/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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524 Holly Ln, Kokomo, IN, 46902 | $368/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

Rental property for sale in Kokomo at 524 Holly Ln, Kokomo, IN, 46902 generates $1,507/mo in rent and, after a $929/mo payment, leaves $368/mo in cash flow. Total monthly income is $1,507/mo, and annual cash flow is $4,410/yr on $62,952 invested. Return on cash invested sits at 26.91% in year one, and rental yield is 9.52% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 140.19% and total cumulative return in cash sums $88,253. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,507/mo property income rather than buyer’s personal income.

Single Family

Built in 1953

10,454 sqft lot

$N/A/sqft

No HOA

More details about the property

If youve been searching for a move-in ready home near shopping, parks, and the golf course, this beautifully remodeled 3-bedroom Bedford stone ranch in the popular Maple Crest subdivision is the one. Inside, youll find brand-new vinyl plank flooring throughout and a completely reimagined bathroom featuring a new layout, modern vanity, updated lighting, new tub/shower combo, and designer touches from top to bottom. Every room in the home features stylish new fandeliers, while all doors, trim, and ceilings have been freshly painted for a crisp, modern feel. The kitchen shines with freshly painted cabinets, new countertops, a stainless black sink with pull-down faucet, and a new electric cooktop, blending charm with functionality. A dedicated dining area with new floors opens into a spacious living room filled with natural light and character. Can lights were added throughout the living room, dining room, and hallway. The updates continue with brand-new exterior doors, a new garage door, a new garage door opener, and fresh landscaping that gives the property incredible curb appeal. Behind the scenes, peace of mind comes from major system updates: a new furnace and central air (2022) and a new roof (2017). The large, fenced backyard with a concrete patio offers plenty of space for entertaining, pets, or play, all in a well-established neighborhood that feels like home the moment you arrive.

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