1422 E Taylor St

🏠 Investor Overview: 1422 E Taylor St, Kokomo, IN 46901

Property Type: SFR
Beds/Baths: 1 Bed / 1 Bath
Sqft: 504 | Lot: TBD | Year Built: 1947
Occupancy: 100% (Lease expires end of Aug or beginning of Sept)
Asking Price: $60,000
ARV: $85,000
Est. Rent Potential: $1,100/mo
Price/Sqft (ARV): $169/sqft
Rehab Estimate: $5,000–$15,000 (light cosmetic)
🔧 Rehab Scope (Rental-Grade Finish)
Full trash-out + deep clean after tenant vacates
Paint throughout, drywall patching where needed
Carpet cleaning or replacement in living areas
Minor kitchen updates (fixtures, counters if dated)
Bathroom refresh (new vanity, fixtures)
Electrical panel inspection/update if needed
Minor plumbing checks, water heater service
Exterior touch-ups, landscaping trim
Safety/code compliance (smoke detectors, etc.)

💡 Why This Deal Works for Investors
✔️ Fully occupied & cash flowing until lease end – minimal vacancy risk
✔️ Light rehab for quick turnaround to market rents
✔️ Strong spread between asking and ARV for flip or BRRRR equity
✔️ Ideal for Section 8 or long-term rental in stable Kokomo neighborhood
✔️ Low all-in cost supports high ROI as buy & hold
✔️ Potential to refi out after minor updates for infinite returns
✔️ Visual inspection shows functional layout, no major structural issues visible (cluttered but solid bones)

📊 Quick Numbers Recap
Purchase: $60,000
Rehab: $5–15K
All-In: $65–75K
ARV: $85,000
Rent Potential: $1,100/mo = $13,200/yr
ROI Range: 15–20%+ as rental (cap rate ~12–15% post-rehab)
Cash-on-Cash: ~20–25% (20% down, 7.5% rate estimate)
📈 Valuation & ARV Range
ARV Estimate: $80K–$90K
Market supports values for small, updated SFRs in this zip
Recent sales data indicates upward trend for renovated rentals

💵 DSCR Loan Analysis (Estimate)
Gross Income: $1,100/mo
Annual Gross: $13,200
Estimated Expenses (30%): ~$3,960
NOI: ~$9,240/yr
Estimated DSCR: 1.3–1.5 (depending on rate/terms)
Based on 20–25% down, 7.25–7.5% interest, 30-year amortization
✅ Qualifies for DSCR with buffer above 1.2 min – great for passive investors
💡 Investor Highlights
✅ Cash flow day 1 until lease end, then upside to $1,100 rents
💸 Low rehab – mostly cosmetic, quick to stabilize
🏘️ Compact 1/1 layout = low maintenance, easy to rent
📍 Kokomo location with access to amenities, employment hubs
🚀 Upside in rent growth as area stabilizes
🔑 Turnkey potential post-light reno – fits buy & hold or flip strategies

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📞 Contact Jamie Franklin | Acquire JDF Corp | 317-610-9834