816 S Webster St, Kokomo, IN, 46901 | $306/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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816 S Webster St, Kokomo, IN, 46901 | $306/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 816 S Webster St, Kokomo, IN, 46901 uses $61,294 cash to close to unlock $3,673/yr annual cash flow and $306/mo monthly cash flow. Total monthly income runs $1,416/mo, and a $905/mo payment keeps the spread at $306/mo. Purchase price stands at $184,900, and rental yield measures 9.19% with $1,416/mo rent. Return on cash invested shows 25.9% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 134.82% and total cumulative return in cash records $82,639. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,416/mo property income covering a $905/mo payment rather than investor’s personal income.

Single Family

Built in 2025

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into this beautifully crafted brand new 4BR/2BA home that perfectly blends modern style with everyday comfort. Designed with an open-concept layout, the light and airy eat-in kitchen seamlessly flows into the spacious living roomideal for entertaining or cozy nights in. The kitchen features sleek stainless steel appliances, a contemporary stainless steel sink, and plenty of natural light, creating a welcoming and functional space. Retreat to the main floor bathroom, where youll find a luxurious standing tub and a relaxing rain shower head, offering spa-like tranquility. The private master suite includes a generous walk-in closet and a stunning en suite bath, complete with a beautifully tiled, stand-up shower. Enjoy outdoor living in the private backyard, which features a covered porchperfect for morning coffee or evening gatherings. A detached 1.5-car garage offers added convenience and storage. Located close to shopping, dining, parks, and other everyday amenities, this move-in ready home is a rare opportunity to own brand new construction!

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