1018 NE 2nd St #TBT0D7PerkinsOK74059
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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 Perkins at 1018 NE 2nd St #TBT0D7, Perkins, OK, 74059 offers a 10.31% rental yield on a $208,600 purchase with $1,793/mo rent. Total monthly income registers $1,793/mo, and a $1,021/mo payment leaves $461/mo available for distribution. Annual cash flow reaches $5,530/yr on $69,151 to close, and return on cash invested stands at 27.91% in year one. Equity gained on principal adds $1,346/yr while 5% annual appreciation supports $57,632 over five years. Portfolio math shows five-year ROI at 146.01% and total cumulative return in cash at $100,964. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,793/mo property income against a $1,021/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74059, Perkins, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,584 (100%) |
| Owner Occupied HU | 1,591 (61.6%) |
| Renter Occupied HU | 751 (29.1%) |
| Vacant Housing Units | 242 ( 9.4%) |
| Median Home Value | $203,125 |
| Average Home Value | $236,186 |
Housing Distribution
Address Breakdown
Residential
2,402
Single Family
2,402
Multi-Family
0
Businesses
234
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