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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 710 Menomonee Ct, Kokomo, IN, 46902 listed at $128,000 pairs $1,024/mo rent with a $627/mo payment to leave $256/mo cash flow. Total monthly income runs $1,024/mo, and annual cash flow reaches $3,074/yr on $42,432 cash to close. Return on cash invested measures 27.15% in year one, and rental yield registers 9.6% at a $128,000 basis. Equity gained on principal adds $826/yr, and annual property appreciation at 5% supports $35,364 by year five. Five-year ROI tracks 141.54% and total cumulative return in cash totals $60,059. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,024/mo property income relative to a $627/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1958
0.33 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 |
|---|---|---|
| 2024-09-18 | Listed for sale | $128,000 |
| 1997-04-24 | Sold | $69,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $82.56 | N/A | $117,200 | 3.63% |
| 2022-10-17 | N/A | N/A | $113,100 | 17.45% |
| 2021-10-17 | N/A | N/A | $96,300 | 10.31% |
Listed by: Brooke Morgan • Raeco Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436069
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.
