7706 Riva Ridge Rd, Kokomo, IN, 46901 | $1,116/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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7706 Riva Ridge Rd, Kokomo, IN, 46901 | $1,116/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

Rental property for sale in Kokomo at 7706 Riva Ridge Rd, Kokomo, IN, 46901 generates $3,037/mo in rent and, after a $1,566/mo payment, leaves $1,116/mo in cash flow. Total monthly income is $3,037/mo, and annual cash flow is $13,397/yr on $106,047 invested. Return on cash invested sits at 32.54% in year one, and rental yield is 11.39% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 170.35% and total cumulative return in cash sums $180,656. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,037/mo property income rather than buyer’s personal income.

Single Family

Built in 1976

0.97 Acres lot

$N/A/sqft

No HOA

More details about the property

Looking for a spacious home with 5 bedrooms and 3 full bathrooms in Northwestern schools? Look no further! This 3300+ sq ft home features a large living room, cozy family room with fireplace, a formal dining room, kitchen, and laundry room on the main floor. Upstairs you will find 3 bedrooms including the roomy master suite featuring an en-suite bath and double closets, and an additional full bath. The walk-out basement includes a large 3rd living space. 2 additional bedrooms and a full bath. The oversized 2 car garage, large deck overlooking the big fenced in backyard and 2 storage sheds complete this awesome property!

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