721 W Blvd, Kokomo, IN, 46902 | $212/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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721 W Blvd, Kokomo, IN, 46902 | $212/mo Cash Flow | Ziffy

For Sale

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 721 W Blvd, Kokomo, IN, 46902 listed at $187,000 pairs $1,334/mo rent with a $915/mo payment to leave $212/mo cash flow. Total monthly income runs $1,334/mo, and annual cash flow reaches $2,541/yr on $61,991 cash to close. Return on cash invested measures 24.01% in year one, and rental yield registers 8.56% at a $187,000 basis. Equity gained on principal adds $1,207/yr, and annual property appreciation at 5% supports $51,665 by year five. Five-year ROI tracks 124.6% and total cumulative return in cash totals $77,238. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,334/mo property income relative to a $915/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1929

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Across from Highland Park, this Maple Crest bungalow has a front porch that makes you want to slow down and take in the view. Inside, the living room centers around a fireplace and leads to two bedrooms, one bathroom, and an unfinished basement. The kitchen has a window over the sink that brings in morning light and opens to a second living area with tile flooring. A pantry and main-floor laundry keep the layout practical. The fenced backyard is a quiet little getaway, complete with a gazebo over the patio that gives the space a charming, tucked-away feel.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46902, Kokomo, IN area.

Housing Distribution

Housing Statistics

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