Norway Plan, Webster Crossing, Kokomo, IN, 46902 | $357/mo Cash Flow

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Norway Plan, Webster Crossing, Kokomo, IN, 46902 | $357/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 Norway Plan, Webster Crossing, Kokomo, IN, 46902 with 5% annual appreciation on a $295,995 basis while $2,134/mo rent supports operations. Total monthly income totals $2,134/mo and a $1,449/mo payment preserves $357/mo for cash returns. Annual cash flow comes to $4,283/yr on $98,122 deployed, and return on cash invested reaches 24.27% in year one. Equity gained on principal adds $1,910/yr, and five-year appreciation sums $81,778 alongside rental yield of 8.65%. Five-year ROI measures 126% and total cumulative return in cash totals $123,638.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,134/mo property income versus a $1,449/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 2024

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