1113 S Spinnaker DrOologahOK74053
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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 Oologah at 1113 S Spinnaker Dr, Oologah, OK, 74053 uses $74,588 cash to close to unlock $4,336/yr annual cash flow and $361/mo monthly cash flow. Total monthly income runs $1,798/mo, and a $1,101/mo payment keeps the spread at $361/mo. Purchase price stands at $225,000, and rental yield measures 9.59% with $1,798/mo rent. Return on cash invested shows 25.72% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 134.3% and total cumulative return in cash records $100,173. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,798/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Home Type Unknown
Built in 2002
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74053, Oologah, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,095 (100%) |
| Owner Occupied HU | 1,581 (75.5%) |
| Renter Occupied HU | 372 (17.8%) |
| Vacant Housing Units | 142 ( 6.8%) |
| Median Home Value | $277,025 |
| Average Home Value | $312,639 |
Housing Distribution
Address Breakdown
Residential
1,803
Single Family
1,803
Multi-Family
0
Businesses
155
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