Aspen II Plan, Highland Springs, Kokomo, IN, 46902 | $188/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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Aspen II Plan, Highland Springs, Kokomo, IN, 46902 | $188/mo Cash Flow | Ziffy

For Sale

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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 Aspen II Plan, Highland Springs, Kokomo, IN, 46902 priced at $273,995 pairs $1,833/mo rent with $188/mo cash flow after a $1,341/mo payment. Total monthly income equals $1,833/mo, and annual cash flow comes to $2,260/yr on $90,829 invested. Return on cash invested is 22.4% in year one, and rental yield stands at 8.03% on a $273,995 basis. Equity gained on principal adds $1,768/yr, and 5% annual appreciation accumulates to $75,700 by year five. Five-year ROI measures 115.97% and total cumulative return in cash reaches $105,331. For financing, Ziffy Mortgage’s DSCR program evaluates $1,833/mo property income against a $1,341/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

The Aspen II floorplan has it all- from a spacious home office, an open concept living and kitchen area, a large loft, and four bedrooms with plenty of space. You can't go wrong choosing this floorplan! Make The Aspen II your own with the many optional upgrades. If you fall in love with the interior, you will love the elevations on the exterior of this new build home! Entering off the front porch, you can already feel how open this new construction floorplan is. On one side are the stairs leading to your second floor; on the other is a spacious den. Work from home in the cozy den or use it as a playroom for your children. The possibilities are endless! With an open-concept floorplan, entertaining guests or celebrating holidays is easy! You can still be a part of the conversation and festivities while replenishing snacks in the kitchen. An informal dining room can be found in between the great room and kitchen. By adding a table, you have the perfect spot to enjoy family dinners without losing space. As you move up to the second floor, notice the two-story foyer. If four bedrooms are not enough for your family, add an optional fifth bedroom in lieu of the loft. The primary bedroom is every homeowner's dream! His-and-hers closets give you plenty of storage space for all your needs. Upgrade your bathroom from a standard tub/shower combo to multiple shower options. To learn more about The Aspen II, visit one of our Arbor Home communities and speak to a sales manager today!

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