$133,900

5234 Council Ring Boulevard, Kokomo, IN 46902

3 beds |
1 bath |
1,040 sqft

Single-Family Home
Built in 1971
8,712sqft lot
1 car garage
$129/sqft
Listed 3 months ago

Property Description

An updated three-bedroom, one-bath ranch nestled in the quiet, established Indian Heights neighborhood. This move-in ready home offers just over 1,000 square feet of comfortable living space with fresh interior paint throughout, new carpet in all bedrooms, and updated vinyl plank flooring in the living room and hallway. The bathroom has been tastefully updated, and new light fixtures add a modern touch throughout the home. A newer front door and brand-new storm door create a welcoming first impression, while the brand-new garage door and opener add both style and convenience. In addition to the three bedrooms, the home features a versatile bonus room that could serve as a second living area, a fourth bedroom, or a home office—perfect for adapting to your needs. Outside, enjoy a spacious fenced backyard with mature trees, ideal for entertaining, pets, or simply relaxing in a private setting. With central air, forced-air heating, and full utility hookups, this home combines comfort and functionality. Conveniently located near shopping, schools, and major roads, this property is an excellent choice for first-time buyers, those looking to downsize, or investors seeking a solid rental opportunity. Realtor has interest. **RENTAL PROPERTY ANALYSIS-(For informational purposes only, please do your own research) Purchase Price: $133,900 Monthly Rent: $1,250 ($15,000 annually) Property Taxes: $1,977 per year Insurance: $850 per year **Summary: At $1,250/month rent, this property produces strong returns: Gross yield: 11.2% Cap rate: 7.97% Cash flow: ~$221/month (after all expenses & loan) Cash-on-cash return: 7.9%

Listing Status:: Pending
Date Added:: September 11, 2025 at 05:00AM
Listing Office:: Grand Realty Services : 317-771-8881
Listing Agent:: David Szymczak : 317-771-8881
MLS ID:: 202536779

Basement: Slab
Flooring: CarpetVinyl
A/C: Central Air
Heating: Forced Air

General: MetalVinyl
Style: RanchOne Story

Roofing: Asphalt

School District: Taylor Community School Corp.

Driveway: Concrete
Zoning: INDIAN HEIGHTS S/D BLK 22 LOT 3334-10-19-252-004.000-015
Fencing: Chain Link

Water: Public
Sewer: Public

This listing courtesy of David Szymczak, Grand Realty Services

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Taylor Elementary School

5500 Wea Dr, Kokomo, IN, 46902

Grades PK-4

0.26 miles away

Taylor Middle School

3794 E 300 S, Kokomo, IN, 46902

Grades 5-8

3.10 miles away

Taylor High School

3794 E 300 S, Kokomo, IN, 46902

Grades 9-12

3.20 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.