1116 E 6th StCushingOK74023
Nearby investment properties with comparable rents
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
Investment property for sale in Cushing at 1116 E 6th St, Cushing, OK, 74023 offers a 9.52% rental yield on a $187,500 purchase with $1,488/mo rent. Total monthly income registers $1,488/mo, and a $918/mo payment leaves $290/mo available for distribution. Annual cash flow reaches $3,484/yr on $62,156 to close, and return on cash invested stands at 25.51% in year one. Equity gained on principal adds $1,210/yr while 5% annual appreciation supports $51,803 over five years. Portfolio math shows five-year ROI at 133.22% and total cumulative return in cash at $82,807. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,488/mo property income against a $918/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
9,016 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74023, Cushing, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,286 (100%) |
| Owner Occupied HU | 2,927 (55.4%) |
| Renter Occupied HU | 1,488 (28.1%) |
| Vacant Housing Units | 871 (16.5%) |
| Median Home Value | $180,256 |
| Average Home Value | $229,770 |
Housing Distribution
Address Breakdown
Residential
4,700
Single Family
4,600
Multi-Family
100
Businesses
561
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices