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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 708 Mendota Ct, Kokomo, IN, 46902 at $162,500 posts ROI 25.7% with $260/mo cash flow from $1,235/mo rent. Total monthly income equals $1,235/mo, and annual cash flow records $3,119/yr on $53,869 to close. Return on cash invested measures 25.7% and rental yield reads 9.12% at the current $162,500. Equity gained on principal adds $1,049/yr, and 5% annual appreciation supports $44,896 by year five. Five-year ROI prints 133.63% and total cumulative return in cash totals $71,982.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,235/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1962
8,537 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 |
|---|---|---|
| 2024-10-11 | Price change | $162,500 |
| 2024-09-17 | Price change | $164,900 |
| 2024-09-04 | Price change | $174,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $1031.00 | 48.95% | $104,300 | 1.16% |
| 2022-10-17 | $692.16 | 22.45% | $103,100 | 25.73% |
| 2021-10-17 | $565.24 | 9.01% | $82,000 | 11.26% |
Listed by: Mallory Beard • Keystone Property Group, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202430614
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.
