Norway Plan, Highland Springs, Kokomo, IN, 46902 | $270/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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Norway Plan, Highland Springs, Kokomo, IN, 46902 | $270/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

Rental property for sale in Kokomo at Norway Plan, Highland Springs, Kokomo, IN, 46902 offers $2,095/mo rent that, after a $1,488/mo payment, leaves $270/mo cash flow. Total monthly income is $2,095/mo, and annual cash flow is $3,241/yr on $100,774 cash. Return on cash invested measures 23.13% in year one, and rental yield stands at 8.27% at a $303,995 entry. Equity gained on principal adds $1,962/yr while 5% annual appreciation compounds into $83,988 by year five. Five-year ROI records 119.88% and total cumulative return in cash reaches $120,810. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,095/mo property income versus a $1,488/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

One of our newest floor plans and has quickly become one of our most popular. The open kitchen facing the large Great Room separated by a long bar-top is perfect for everything from late night entertaining to homework sessions, just one example of the flexibility of this floor plan. The den can also become a first floor 5th bedroom. The upstairs includes a loft, laundry room and a total of 4 walk-in closets.

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