117 N Main StSpiroOK74959
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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 Spiro at 117 N Main St, Spiro, OK, 74959 generates $1,597/mo in rent and, after a $910/mo payment, leaves $410/mo in cash flow. Total monthly income is $1,597/mo, and annual cash flow is $4,915/yr on $61,659 invested. Return on cash invested sits at 27.88% in year one, and rental yield is 10.3% on a $186,000 entry. Equity gained on principal adds $1,200/yr, while 5% annual appreciation builds toward $51,388 over five years. Five-year ROI reaches 145.89% and total cumulative return in cash sums $89,956. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,597/mo property income rather than buyer’s personal income.
Single Family
Built in 1923
5,980 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74959, Spiro, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,892 (100%) |
| Owner Occupied HU | 1,841 (63.7%) |
| Renter Occupied HU | 719 (24.9%) |
| Vacant Housing Units | 332 (11.5%) |
| Median Home Value | $132,267 |
| Average Home Value | $175,794 |
Housing Distribution
Address Breakdown
Residential
2,727
Single Family
2,661
Multi-Family
66
Businesses
174
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