720 S Union St, Kokomo, IN, 46901 | $438/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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720 S Union St, Kokomo, IN, 46901 | $438/mo Cash Flow | Ziffy

For Sale

Currently Rented

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Kokomo at 720 S Union St, Kokomo, IN, 46901 at $145,000 posts ROI 30.85% with $438/mo cash flow from $1,309/mo rent. Total monthly income equals $1,309/mo, and annual cash flow records $5,259/yr on $48,068 to close. Return on cash invested measures 30.85% and rental yield reads 10.83% at the current $145,000. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 by year five. Five-year ROI prints 161.34% and total cumulative return in cash totals $77,552.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,309/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Multi Family

Built in 1890

9,147 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming Duplex Near Downtown Kokomo & Baseball Stadium. Located on South Union Street, this fully-leased duplex sits right in the heart of the actionjust steps from the baseball stadium and local downtown amenities. Each 1-bed unit offers just under 800 sq. ft. of comfortable living space, featuring a private en suite bathroom, a separate kitchen, and a cozy living area. Tenants enjoy the convenience of paying their own utilities, plus each unit comes with access to a detached garage bay for private storage. The units are heated and cooled with ductless mini-split systems for efficient, cost effective living for the residents. The large lot provides plenty of outdoor space to relax, let pets run or entertain, making this an attractive rental for tenants and a low-maintenance investment for the next owner. With steady occupancy and a prime location near Kokomos growing attractions, this property is a great opportunity to step into a turn-key investment. Schedule your tour today. Financial statements, leases and income analysis available upon request. Property shares driveway with neighbor to the north- No known shared agreement on file

Neighborhood Data

Neighborhood data shown for ZIP Code: 46901, Kokomo, IN area.

Housing Distribution

Housing Statistics

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