1002 Lakeland StChecotahOK74426
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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
Investment Highlights
Rental property for sale in Checotah at 1002 Lakeland St, Checotah, OK, 74426 priced at $120,500 converts $1,376/mo rent into $606/mo cash flow after a $590/mo obligation. Total monthly income equals $1,376/mo, and annual cash flow totals $7,275/yr on $39,946 invested. Return on cash invested prints 38.12% in year one, and rental yield reads 13.7% against a $120,500 entry. Equity gained on principal adds $778/yr, while 5% annual appreciation compiles into $33,292 by year five. Five-year ROI reaches 200.87% and total cumulative return in cash sums $80,240. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,376/mo property income covering a $590/mo payment, not borrower’s personal income.
Single Family
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74426, Checotah, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,024 (100%) |
| Owner Occupied HU | 3,169 (52.6%) |
| Renter Occupied HU | 927 (15.4%) |
| Vacant Housing Units | 1,928 (32.0%) |
| Median Home Value | $160,237 |
| Average Home Value | $192,132 |
Housing Distribution
Address Breakdown
Residential
4,082
Single Family
3,961
Multi-Family
121
Businesses
370
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