5812 Dartmouth Dr, Kokomo, IN, 46902 | $59/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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5812 Dartmouth Dr, Kokomo, IN, 46902 | $59/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 5812 Dartmouth Dr, Kokomo, IN, 46902 uses $116,023 cash to close to unlock $709/yr annual cash flow and $59/mo monthly cash flow. Total monthly income runs $2,160/mo, and a $1,713/mo payment keeps the spread at $59/mo. Purchase price stands at $349,995, and rental yield measures 7.41% with $2,160/mo rent. Return on cash invested shows 20.52% in year one, and 5% annual appreciation builds toward $96,697 over five years. Five-year ROI reaches 105.92% and total cumulative return in cash records $122,892. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,713/mo payment rather than investor’s personal income.

Single Family

Built in 1967

0.62 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to your new home at 5812 Dartmouth Court, located in the desirable town of Kokomo! This charming property offers a perfect blend of comfort and ample space, making it ideal for anyone looking to settle in a peaceful neighborhood. With no HOA restrictions and situated in the highly sought-after Western School District, this home is a fantastic choice for families and individuals alike. The residence boasts four cozy bedrooms and 2.5 modern bathrooms, ensuring plenty of room for family and guests. Enjoy the tranquility and freedom of a generous .6-acre lot, which provides ample private outdoor space for relaxation and recreation. The outdoor area boasts a pergola and patio, and the fenced-in rear yard offers added benefits such as enhanced privacy, and a safe space for children and pets to play freely.Inside, the kitchen is beautifully appointed with granite countertops and stainless steel appliances, offering both style and functionality for your culinary endeavors. The home is equipped with a brand-new air conditioning system, ensuring comfort year-round. Additional features of the property include a versatile basement that can be tailored to your specific needs, and a spacious 30x32 barn that offers abundant storage or workshop space for your hobbies and projects. The convenience of a garage adds to the home's functionality, making daily life that much easier. With easy access to Indianapolis, this property is a commuter's dream, offering great accessibility for travel. Embrace the lifestyle this home and its location provide, and enjoy the wonderful community that awaits you in Kokomo.

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