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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 905 E Southway Blvd, Kokomo, IN, 46902 priced at $179,900 converts $1,441/mo rent into $274/mo cash flow after a $881/mo obligation. Total monthly income equals $1,441/mo, and annual cash flow totals $3,291/yr on $59,637 invested. Return on cash invested prints 25.43% in year one, and rental yield reads 9.61% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 132.9% and total cumulative return in cash sums $79,257. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,441/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1962
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46902, Kokomo, IN area.
| 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 |
Residential
17,385
Single Family
15,243
Multi-Family
2,142
Businesses
1,038
Date | Event | Price |
|---|---|---|
| 2024-09-18 | Listed for sale | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $2530.00 | 16.00% | $122,700 | -2.77% |
| 2022-10-17 | $2181.00 | 5.93% | $126,200 | 15.99% |
| 2021-10-17 | $2059.00 | 5.11% | $108,800 | 5.94% |
Listed by: Christy Dechert • The Hardie Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436049
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.
