11377 E 590thLocust GroveOK74352
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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 Locust Grove at 11377 E 590th, Locust Grove, OK, 74352 offers a 11.66% rental yield on a $210,000 purchase with $2,040/mo rent. Total monthly income registers $2,040/mo, and a $1,028/mo payment leaves $699/mo available for distribution. Annual cash flow reaches $8,385/yr on $69,615 to close, and return on cash invested stands at 31.95% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 167.69% and total cumulative return in cash at $116,740. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,040/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
32.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74352, Locust Grove, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,836 (100%) |
| Owner Occupied HU | 1,808 (63.8%) |
| Renter Occupied HU | 548 (19.3%) |
| Vacant Housing Units | 480 (16.9%) |
| Median Home Value | $176,786 |
| Average Home Value | $241,052 |
Housing Distribution
Address Breakdown
Residential
2,245
Single Family
2,245
Multi-Family
0
Businesses
127
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Listed by: Ronald Hilton • Rockin M Real Estate & Auction
Mls Name: MLS Technology, Inc.
Mls ID: #2541944