1151 Switchgrass WayNewcastleOK73065
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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 Newcastle at 1151 Switchgrass Way, Newcastle, OK, 73065 generates $3,570/mo in rent, after a $3,399/mo payment. Total monthly income is $3,570/mo. Return on cash invested sits at 15.52% in year one, and rental yield is 6.17% on a $694,500 entry. Equity gained on principal adds $4,482/yr, while 5% annual appreciation builds toward $191,878 over five years. Five-year ROI reaches 79.54% and total cumulative return in cash sums $181,733. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,570/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73065, Newcastle, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,437 (100%) |
| Owner Occupied HU | 3,363 (75.8%) |
| Renter Occupied HU | 862 (19.4%) |
| Vacant Housing Units | 212 ( 4.8%) |
| Median Home Value | $249,373 |
| Average Home Value | $302,021 |
Housing Distribution
Address Breakdown
Residential
4,816
Single Family
4,816
Multi-Family
0
Businesses
491
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