11 Cove RdCartwrightOK74731
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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
Rental property for sale in Cartwright at 11 Cove Rd, Cartwright, OK, 74731 priced at $1,595,000 converts $3,110/mo rent into after a $7,807/mo obligation. Total monthly income equals $3,110/mo. Return on cash invested prints 3.83% in year one, and rental yield reads 2.34% against a $1,595,000 entry. Equity gained on principal adds $10,292/yr, while 5% annual appreciation compiles into $440,669 by year five. Five-year ROI reaches 16.85% and total cumulative return in cash sums $87,101. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,110/mo property income covering a $7,807/mo payment, not borrower’s personal income.
Single Family
Built in 1982
7,374 sqft lot
$N/A/sqft
$537 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74731, Cartwright, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 866 (100%) |
| Owner Occupied HU | 510 (58.9%) |
| Renter Occupied HU | 150 (17.3%) |
| Vacant Housing Units | 206 (23.8%) |
| Median Home Value | $182,292 |
| Average Home Value | $191,162 |
Housing Distribution
Address Breakdown
Residential
624
Single Family
624
Multi-Family
0
Businesses
19
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Listed by: Amber Carter • Butch Fife, REALTORS
Mls Name: NTREIS
Mls ID: #20918686
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.