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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 721 E Markland Ave, Kokomo, IN, 46902 offers $1,080/mo rent that, after a $832/mo payment, leaves $60/mo cash flow. Total monthly income is $1,080/mo, and annual cash flow is $716/yr on $56,322 cash. Return on cash invested measures 21.18% in year one, and rental yield stands at 7.63% at a $169,900 entry. Equity gained on principal adds $1,096/yr while 5% annual appreciation compounds into $46,940 by year five. Five-year ROI records 109.43% and total cumulative return in cash reaches $61,634. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,080/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1905
5,227 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 |
|---|---|---|
| 2025-05-30 | Listed for sale | $169,900 |
| 2025-05-14 | Listing removed | $184,900 |
| 2025-03-19 | Price change | $184,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-01 | $41.36 | -88.18% | $95,600 | 4.14% |
| 2023-06-01 | $349.92 | -74.75% | $91,800 | 6.25% |
| 2022-06-01 | $1386.00 | 13.42% | $86,400 | 24.68% |
Listed by: Christy Dechert • The Hardie Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520194
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.
