113 N Mill StGroveOK74344
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
Rental property for sale in Grove at 113 N Mill St, Grove, OK, 74344 priced at $195,000 converts $1,942/mo rent into $697/mo cash flow after a $954/mo obligation. Total monthly income equals $1,942/mo, and annual cash flow totals $8,365/yr on $64,643 invested. Return on cash invested prints 32.85% in year one, and rental yield reads 11.95% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 172.55% and total cumulative return in cash sums $111,538. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,942/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 1983
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74344, Grove, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,731 (100%) |
| Owner Occupied HU | 4,835 (55.4%) |
| Renter Occupied HU | 1,962 (22.5%) |
| Vacant Housing Units | 1,934 (22.2%) |
| Median Home Value | $250,896 |
| Average Home Value | $348,940 |
Housing Distribution
Address Breakdown
Residential
7,509
Single Family
7,266
Multi-Family
243
Businesses
625
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices