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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 918 E Morgan St, Kokomo, IN, 46901 uses $49,692 cash to close to unlock $2,818/yr annual cash flow and $235/mo monthly cash flow. Total monthly income runs $1,135/mo, and a $734/mo payment keeps the spread at $235/mo. Purchase price stands at $149,900, and rental yield measures 9.09% with $1,135/mo rent. Return on cash invested shows 25.58% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 133.01% and total cumulative return in cash records $66,095. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,135/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1922
609.84 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 |
|---|---|---|
| 2025-06-26 | Listed for sale | $149,900 |
| 2023-07-12 | Listing removed | $90,000 |
| 2023-06-08 | Listed for sale | $90,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-27 | $617.12 | -2.64% | $94,300 | 21.52% |
| 2023-06-27 | $633.84 | 20.32% | $77,600 | 3.19% |
| 2022-06-27 | $526.80 | 19.06% | $75,200 | 20.32% |
Listed by: Naomi Eason • RE/MAX Realty One
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524540
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.
