Zartman Road & S Webster St #NXJVW0KokomoIN46902
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at Zartman Road & S Webster St #NXJVW0, Kokomo, IN, 46902 in Kokomo speaks for itself: 15.18% gross on a $382,000 price, generating $4,834/mo in rent and $2,541/mo in net income after the $1,718/mo debt service. DSCR 2.81, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $30,486 stacks alongside $105,540 in projected five-year appreciation and $3,518/yr in principal reduction. Projected total cumulative return: $308,043.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.2% | 7.2% |
| Monthly Cash Flow | $2,541 | $450 |
City averages based on Kokomo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,834 |
| Total Monthly Debt Service | $2,141 |
| DSCR Ratio | 2.26x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
17,385
Single Family
15,243
Multi-Family
2,142
Businesses
1,038
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
17,385
Single Family
15,243
Multi-Family
2,142
Businesses
1,038
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices