1012 Ridge LnCatoosaOK74015
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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
Investment property for sale in Catoosa at 1012 Ridge Ln, Catoosa, OK, 74015 uses $82,875 cash to close to unlock $6,859/yr annual cash flow and $572/mo monthly cash flow. Total monthly income runs $2,191/mo, and a $1,224/mo payment keeps the spread at $572/mo. Purchase price stands at $250,000, and rental yield measures 10.52% with $2,191/mo rent. Return on cash invested shows 28.19% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 147.62% and total cumulative return in cash records $122,338. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,191/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1985
8,581 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74015, Catoosa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,917 (100%) |
| Owner Occupied HU | 2,578 (65.8%) |
| Renter Occupied HU | 1,028 (26.2%) |
| Vacant Housing Units | 311 ( 7.9%) |
| Median Home Value | $273,848 |
| Average Home Value | $294,813 |
Housing Distribution
Address Breakdown
Residential
3,591
Single Family
3,551
Multi-Family
40
Businesses
573
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Listed by: Kasia Olek • Keller Williams Advantage
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2422517
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.