5308 Arrowhead Blvd, Kokomo, IN, 46902 | $303/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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5308 Arrowhead Blvd, Kokomo, IN, 46902 | $303/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 5308 Arrowhead Blvd, Kokomo, IN, 46902 earns $303/mo cash flow from $1,251/mo rent with a $773/mo payment. Total monthly income totals $1,251/mo, and annual cash flow totals $3,636/yr on $52,344 capital. ROI tracks 26.86% on current figures, and rental yield reads 9.51% at a $157,900 purchase. Equity gained on principal adds $1,019/yr, and 5% annual appreciation supports $43,625 over five years. Five-year ROI reaches 139.85% and total cumulative return in cash sums $73,202. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,251/mo property income instead of your personal income.

Single Family

Built in 1956

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

This 3-bedroom, 1-bathroom home offers two additional bonus rooms that can easily be converted into bedrooms with the addition of closets, providing flexible options for your needs. A detached oversized one-car garage with an electronic keypad adds both convenience and storage space. Recent updates include a new garage roof in 2025, fresh paint on the garage doors, new insulation, updated window and trim paint, and a nearly full interior repaint. The bathroom has been refreshed with updated fixtures and caulking, while the kitchen features a new sink, faucet, hardware, and new trim around the back door. Both doors have been freshly painted, new light fixtures have been installed throughout the home, and the gutters and fascia have also been repainted. An inviting front wooden porch adds charm and allows natural light to fill the living space, making this move-in ready home both bright and welcoming.

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