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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 706 E Hoffer St, Kokomo, IN, 46902 priced at $124,900 converts $1,070/mo rent into $321/mo cash flow after a $611/mo obligation. Total monthly income equals $1,070/mo, and annual cash flow totals $3,847/yr on $41,404 invested. Return on cash invested prints 29.2% in year one, and rental yield reads 10.28% against a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation compiles into $34,508 by year five. Five-year ROI reaches 152.44% and total cumulative return in cash sums $63,118. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,070/mo property income covering a $611/mo payment, not borrower’s personal income.
Single Family
Built in 1922
8,712 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 |
|---|---|---|
| 2025-06-26 | Listed for sale | $124,900 |
| 2023-10-13 | Sold | $105,000 |
| 2023-09-14 | Pending sale | $100,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-27 | $593.16 | 18.93% | $83,800 | 6.21% |
| 2023-06-27 | $498.76 | 29.71% | $78,900 | 6.33% |
| 2022-06-27 | $384.52 | 23.16% | $74,200 | 23.67% |
Listed by: Gina Key • The Hardie Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524587
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.
