117 E Knipe AvePerkinsOK74059
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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 Perkins at 117 E Knipe Ave, Perkins, OK, 74059 offers $2,255/mo rent that, after a $1,222/mo payment, leaves $637/mo cash flow. Total monthly income is $2,255/mo, and annual cash flow is $7,639/yr on $82,776 cash. Return on cash invested measures 29.14% in year one, and rental yield stands at 10.84% at a $249,700 entry. Equity gained on principal adds $1,611/yr while 5% annual appreciation compounds into $68,988 by year five. Five-year ROI records 152.74% and total cumulative return in cash reaches $126,432. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,255/mo property income versus a $1,222/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
6,950 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74059, Perkins, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,584 (100%) |
| Owner Occupied HU | 1,591 (61.6%) |
| Renter Occupied HU | 751 (29.1%) |
| Vacant Housing Units | 242 ( 9.4%) |
| Median Home Value | $203,125 |
| Average Home Value | $236,186 |
Housing Distribution
Address Breakdown
Residential
2,402
Single Family
2,402
Multi-Family
0
Businesses
234
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Listed by: Jason Utley • One Broker Place
Mls Name: Stillwater MLS
Mls Provider:
Mls ID: #131873
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.