904 Gulf Shore Blvd, Kokomo, IN, 46902 | $292/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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904 Gulf Shore Blvd, Kokomo, IN, 46902 | $292/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 904 Gulf Shore Blvd, Kokomo, IN, 46902 generates $1,853/mo in rent and, after a $1,273/mo payment, leaves $292/mo in cash flow. Total monthly income is $1,853/mo, and annual cash flow is $3,502/yr on $86,190 invested. Return on cash invested sits at 23.97% in year one, and rental yield is 8.55% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 124.38% and total cumulative return in cash sums $107,201. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,853/mo property income rather than buyer’s personal income.

Single Family

Built in 2001

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautifully updated home at 904 Gulf Shore Blvd in Kokomo! This move-in ready residence features new floors throughout and has been freshly painted from top to bottom, offering a bright and modern feel. Enjoy peace of mind with a brand-new HVAC system (both units) ensuring comfort year-round. The kitchen shines with all new stainless appliancesrefrigerator, range, microwave, and dishwasher. Updated lighting and bath fixtures add contemporary style and warmth to every room. Conveniently located near schools, shopping, and parks, this home blends comfort, quality, and convenienceperfect for todays buyer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46902, Kokomo, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,938 (100%)
Owner Occupied HU	11,124 (62.0%)
Renter Occupied HU	5,386 (30.0%)
Vacant Housing Units	1,428 ( 8.0%)
Median Home Value	$188,290
Average Home Value	$212,863