1008 Meyer DrMoorelandOK73852
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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 Mooreland at 1008 Meyer Dr, Mooreland, OK, 73852 priced at $120,000 converts $1,222/mo rent into $440/mo cash flow after a $587/mo obligation. Total monthly income equals $1,222/mo, and annual cash flow totals $5,280/yr on $39,780 invested. Return on cash invested prints 33.18% in year one, and rental yield reads 12.22% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 174.44% and total cumulative return in cash sums $69,391. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,222/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1972
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73852, Mooreland, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 985 (100%) |
| Owner Occupied HU | 607 (61.6%) |
| Renter Occupied HU | 202 (20.5%) |
| Vacant Housing Units | 176 (17.9%) |
| Median Home Value | $215,549 |
| Average Home Value | $250,737 |
Housing Distribution
Address Breakdown
Residential
604
Single Family
604
Multi-Family
0
Businesses
72
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