Single Family Home for sale by owner in Kokomo, IN 46902. RENOVATED, SOLID house, eligible for FHA financing Rented at $400 per month + utilities to a prescreend tenant. Rent could be $450-$500. Taxes around $500 per year. Being professionally managed. Net 300-400 per month possible. Cash at $300 net provides 14% return; Going with 20% downpayment will get your return to around 50% per year. Convenient to Markland Mall and new city bus line Small/cozy house - configured with 3 small bedrooms No ... See site for full property details.