Chestnut Plan, Bivens Proper, Arbor Series, Kokomo, IN, 46902 | 7.09% Rental Yield

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Chestnut Plan, Bivens Proper, Arbor Series, Kokomo, IN, 46902 | 7.09% Rental Yield | 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 Chestnut Plan, Bivens Proper, Arbor Series, Kokomo, IN, 46902 offers a 7.09% rental yield on a $262,995 purchase with $1,554/mo rent. 57% in year one. Equity gained on principal adds $1,697/yr while 5% annual appreciation supports $72,661 over five years. Portfolio math shows five-year ROI at 100.81% and total cumulative return in cash at $87,886. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,554/mo property income against a $1,287/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Looking for the perfect ranch-style home as your new home? Take a look at The Chestnut and its many optional upgrades. With the option to add a bonus room with a bedroom and full bathroom, you have the potential for 2,600+ square feet of living space in a ranch home. When you enter the home, you will see the first two bedrooms and a full bathroom. As you move throughout The Chestnut, notice the open floorplan layout to make the home feel larger. Entertaining for the holidays and events can be done with ease in this large open concept kitchen, dining, and living space. The L-Shaped kitchen ensures that you never feel left out when entertaining guests. With an included kitchen island, this space makes seating easy- the ideal gathering place in a home. Interested in upgrading your kitchen to the gourmet option? This is the perfect plan to take that extra step. Don't worry about running out of storage with a walk-in pantry and spacious cabinets lining the walls. The primary suite includes many additional features- including an optional single step ceiling, a large walk-in closet with the ability to connect with the utility room, and more. Upgrade your primary bathroom with an optional double bowl vanity, an optional tile shower, or an optional deluxe bathroom with a separate garden tub and shower. Visit any of our communities to learn more 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