1021 S 2nd StBlackwellOK74631
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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 Blackwell at 1021 S 2nd St, Blackwell, OK, 74631 uses $38,123 cash to close to unlock $1,866/yr annual cash flow and $155/mo monthly cash flow. Total monthly income runs $890/mo, and a $563/mo payment keeps the spread at $155/mo. Purchase price stands at $115,000, and rental yield measures 9.29% with $890/mo rent. Return on cash invested shows 24.8% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 129.4% and total cumulative return in cash records $49,329. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $890/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74631, Blackwell, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,477 (100%) |
| Owner Occupied HU | 1,836 (52.8%) |
| Renter Occupied HU | 900 (25.9%) |
| Vacant Housing Units | 741 (21.3%) |
| Median Home Value | $104,562 |
| Average Home Value | $192,397 |
Housing Distribution
Address Breakdown
Residential
2,946
Single Family
2,848
Multi-Family
98
Businesses
307
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