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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% |
Investment property for sale in Kokomo at 686 Springwater Rd, Kokomo, IN, 46902 listed at $189,900 pairs $1,353/mo rent with a $929/mo payment to leave $214/mo cash flow. Total monthly income runs $1,353/mo, and annual cash flow reaches $2,562/yr on $62,952 cash to close. Return on cash invested measures 23.98% in year one, and rental yield registers 8.55% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 124.45% and total cumulative return in cash totals $78,341. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,353/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
0.34 Acres 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 |
|---|---|---|
| 2025-05-23 | Listed for sale | $189,900 |
| 2023-04-06 | Sold | $156,000 |
| 2023-02-28 | Listed for sale | $159,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-26 | $1411.00 | 4.67% | $158,900 | 12.62% |
| 2023-05-26 | $1348.00 | 21.11% | $141,100 | 3.83% |
| 2022-05-26 | $1113.00 | 1.74% | $135,900 | 21.02% |
Listed by: Courtney Gaddis • The Wyman Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519236
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.
