723 E North StKokomoIN46901
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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
Investment Highlights
Rental property for sale in Kokomo at 723 E North St, Kokomo, IN, 46901 priced at $114,900 pairs $1,102/mo rent with $413/mo cash flow after a $562/mo payment. Total monthly income equals $1,102/mo, and annual cash flow comes to $4,952/yr on $38,089 invested. Return on cash invested is 32.91% in year one, and rental yield stands at 11.51% on a $114,900 basis. Equity gained on principal adds $741/yr, and 5% annual appreciation accumulates to $31,745 by year five. Five-year ROI measures 172.37% and total cumulative return in cash reaches $65,654. For financing, Ziffy Mortgage’s DSCR program evaluates $1,102/mo property income against a $562/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1919
5,662 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
17,188
Single Family
15,687
Multi-Family
1,501
Businesses
983
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