120 S Highland DrErickOK73645
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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 Erick at 120 S Highland Dr, Erick, OK, 73645 priced at $119,900 converts $0/mo rent into after a $587/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -3.21% in year one, and rental yield reads 0% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1925
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73645, Erick, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 730 (100%) |
| Owner Occupied HU | 422 (57.8%) |
| Renter Occupied HU | 156 (21.4%) |
| Vacant Housing Units | 152 (20.8%) |
| Median Home Value | $132,639 |
| Average Home Value | $158,098 |
Housing Distribution
Address Breakdown
Residential
228
Single Family
228
Multi-Family
0
Businesses
45
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices