534 Sister Martin DrKokomoIN46901
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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 534 Sister Martin Dr, Kokomo, IN, 46901 uses $99,119 cash to close to unlock $5,467/yr annual cash flow and $456/mo monthly cash flow. Total monthly income runs $2,250/mo, and a $1,463/mo payment keeps the spread at $456/mo. Purchase price stands at $299,000, and rental yield measures 9.03% with $2,250/mo rent. Return on cash invested shows 25.42% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 132.19% and total cumulative return in cash records $131,026. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,250/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 2001
0.25 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
17,188
Single Family
15,687
Multi-Family
1,501
Businesses
983
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Listed by: Cali DeWitt • The Hardie Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524368
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.