Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Kokomo at 5915 Waubesa Way, Kokomo, IN, 46902 offers a 10.88% rental yield on a $150,000 purchase with $1,360/mo rent. Total monthly income registers $1,360/mo, and a $734/mo payment leaves $460/mo available for distribution. Annual cash flow reaches $5,517/yr on $49,725 to close, and return on cash invested stands at 31% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 162.14% and total cumulative return in cash at $80,622. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,360/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46902, Kokomo, IN area.
| 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 |
Residential
17,385
Single Family
15,243
Multi-Family
2,142
Businesses
1,038
Date | Event | Price |
|---|---|---|
| 2025-10-08 | Sold | $150,000 |
| 2025-09-10 | Pending sale | $149,900 |
| 2025-08-27 | Listed for sale | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-25 | $918.98 | -3.37% | $111,300 | 16.06% |
| 2023-10-25 | $951.00 | 52.30% | $95,900 | 1.70% |
| 2022-10-25 | $624.44 | -55.04% | $94,300 | 20.59% |
What's Special
Pull Down Stairs
Listed by: Lindsay Ousley • The Wyman Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202534359
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.
