920 E Walnut St, Kokomo, IN, 46901 | $241/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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920 E Walnut St, Kokomo, IN, 46901 | $241/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 920 E Walnut St, Kokomo, IN, 46901 listed at $159,900 pairs $1,201/mo rent with a $783/mo payment to leave $241/mo cash flow. Total monthly income runs $1,201/mo, and annual cash flow reaches $2,889/yr on $53,007 cash to close. Return on cash invested measures 25.36% in year one, and rental yield registers 9.01% at a $159,900 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,177 by year five. Five-year ROI tracks 131.86% and total cumulative return in cash totals $69,894. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,201/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1889

6,298 sqft lot

$N/A/sqft

No HOA

More details about the property

Remodeled 3 BR, 2 Bath with vinyl siding and 2 car garage. New carpet, laminate, kitchen cabinets, paint. 1st floor has kitchen, bedroom, rear room, dining room, living room with decorative fireplace front, large full bath. Laundry area is in furnace room off kitchen; 2nd floor: 2 bedrooms, large bath. Roof in 2025. Gas furnace with central air conditioning (new ductwork in crawl space), rear wood deck, detached 20' x 22' garage, Ready for immediate possession.

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