10470 NE 120th RdRed OakOK74563
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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 Red Oak at 10470 NE 120th Rd, Red Oak, OK, 74563 uses $67,958 cash to close to unlock $8,319/yr annual cash flow and $693/mo monthly cash flow. Total monthly income runs $2,002/mo, and a $1,003/mo payment keeps the spread at $693/mo. Purchase price stands at $205,000, and rental yield measures 11.72% with $2,002/mo rent. Return on cash invested shows 32.15% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 168.8% and total cumulative return in cash records $114,714. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,002/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1983
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74563, Red Oak, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 841 (100%) |
| Owner Occupied HU | 559 (66.5%) |
| Renter Occupied HU | 131 (15.6%) |
| Vacant Housing Units | 151 (18.0%) |
| Median Home Value | $121,655 |
| Average Home Value | $185,313 |
Housing Distribution
Address Breakdown
Residential
582
Single Family
582
Multi-Family
0
Businesses
39
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