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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Kokomo at 612 E Mulberry St, Kokomo, IN, 46901 offers $1,282/mo rent that, after a $661/mo payment, leaves $471/mo cash flow. Total monthly income is $1,282/mo, and annual cash flow is $5,656/yr on $44,753 cash. Return on cash invested measures 32.55% in year one, and rental yield stands at 11.4% at a $135,000 entry. Equity gained on principal adds $871/yr while 5% annual appreciation compounds into $37,298 by year five. Five-year ROI records 170.43% and total cumulative return in cash reaches $76,273. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,282/mo property income versus a $661/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46901, Kokomo, IN area.
| 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 |
Residential
17,188
Single Family
15,687
Multi-Family
1,501
Businesses
983
Date | Event | Price |
|---|---|---|
| 2025-08-28 | Sold | $135,000 |
| 2025-08-14 | Pending sale | $139,900 |
| 2025-07-29 | Listed for sale | $139,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-29 | $316.00 | 1.28% | $55,200 | 249.37% |
| 2023-10-29 | $312.00 | 9.86% | $15,800 | 1.28% |
| 2022-10-29 | $284.00 | 156.46% | $15,600 | 9.86% |
Listed by: Bailey Record • Modern Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202529748
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.
