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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 708 E Jefferson St, Kokomo, IN, 46901 generates $1,694/mo in rent and, after a $700/mo payment, leaves $836/mo in cash flow. Total monthly income is $1,694/mo, and annual cash flow is $10,026/yr on $47,405 invested. Return on cash invested sits at 41.06% in year one, and rental yield is 14.22% on a $143,000 entry. Equity gained on principal adds $923/yr, while 5% annual appreciation builds toward $39,508 over five years. Five-year ROI reaches 216.06% and total cumulative return in cash sums $102,424. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,694/mo property income rather than buyer’s personal income.
Single Family
Built in 1895
3,920 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 |
|---|---|---|
| 2025-06-11 | Sold | $143,000 |
| 2025-06-09 | Pending sale | $144,995 |
| 2025-04-21 | Price change | $144,995 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $668.00 | -2.62% | $40,200 | 20.36% |
| 2023-11-02 | $686.00 | 26.10% | $33,400 | -2.62% |
| 2022-11-02 | $544.00 | N/A | $34,300 | 26.10% |
Listed by: Raylene Webb • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508822
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.
