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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% |
Rental property for sale in Kokomo at 903 S Webster St, Kokomo, IN, 46901 offers $1,576/mo rent that, after a $788/mo payment, leaves $610/mo cash flow. Total monthly income is $1,576/mo, and annual cash flow is $7,315/yr on $53,372 cash. Return on cash invested measures 33.61% in year one, and rental yield stands at 11.75% at a $161,000 entry. Equity gained on principal adds $1,039/yr while 5% annual appreciation compounds into $44,481 by year five. Five-year ROI records 176.1% and total cumulative return in cash reaches $93,987. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,576/mo property income versus a $788/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
7,927 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 |
|---|---|---|
| 2025-02-25 | Sold | $161,000 |
| 2025-01-07 | Listed for sale | $169,900 |
| 2024-12-31 | Listing removed | $170,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $635.26 | N/A | $96,800 | 18.34% |
| 2023-11-02 | N/A | N/A | $81,800 | 7.49% |
| 2022-11-02 | N/A | N/A | $76,100 | 13.58% |
Listed by: Chris Beatty • The Hardie Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202500583
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.
