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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% |
Investment property for sale in Kokomo at 811 N Purdum St, Kokomo, IN, 46901 listed at $177,000 pairs $1,864/mo rent with a $866/mo payment to leave $802/mo cash flow. Total monthly income runs $1,864/mo, and annual cash flow reaches $9,622/yr on $58,676 cash to close. Return on cash invested measures 36.31% in year one, and rental yield registers 12.64% at a $177,000 basis. Equity gained on principal adds $1,142/yr, and annual property appreciation at 5% supports $48,902 by year five. Five-year ROI tracks 190.54% and total cumulative return in cash totals $111,803. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,864/mo property income relative to a $866/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46901, Kokomo, IN area.
| 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 |
Residential
17,188
Single Family
15,687
Multi-Family
1,501
Businesses
983
Date | Event | Price |
|---|---|---|
| 2025-05-20 | Sold | $177,000 |
| 2025-04-07 | Pending sale | $172,500 |
| 2025-04-03 | Listed for sale | $172,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $587.90 | -18.61% | $87,100 | 11.38% |
| 2023-11-02 | $722.32 | 14.15% | $78,200 | -3.81% |
| 2022-11-02 | $632.78 | 47.13% | $81,300 | 5.72% |
Listed by: Janet English • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507990
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.
