106 E Cole AveFletcherOK73541
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Nearby investment properties with comparable prices
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 Fletcher at 106 E Cole Ave, Fletcher, OK, 73541 priced at $212,000 converts $1,579/mo rent into $225/mo cash flow after a $1,038/mo obligation. Total monthly income equals $1,579/mo, and annual cash flow totals $2,697/yr on $70,278 invested. Return on cash invested prints 23.75% in year one, and rental yield reads 8.94% against a $212,000 entry. Equity gained on principal adds $1,368/yr, while 5% annual appreciation compiles into $58,572 by year five. Five-year ROI reaches 123.69% and total cumulative return in cash sums $86,923. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,579/mo property income covering a $1,038/mo payment, not borrower’s personal income.
Single Family
Built in 1964
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73541, Fletcher, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,890 (100%) |
| Owner Occupied HU | 1,300 (68.8%) |
| Renter Occupied HU | 381 (20.2%) |
| Vacant Housing Units | 209 (11.1%) |
| Median Home Value | $219,038 |
| Average Home Value | $222,212 |
Housing Distribution
Address Breakdown
Residential
1,209
Single Family
1,209
Multi-Family
0
Businesses
40
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Listed by: JULIE BRIDGES • RE/MAX PROFESSIONALS
Mls Name: Lawton BOR
Mls ID: #169003
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.