12006 E 108th StOwassoOK74055
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 12006 E 108th St, Owasso, OK, 74055 in Owasso at $308,660 earns $2,034/mo in rent and nets $30/mo after the $1,388/mo payment, a 7.91% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $85,277 over five years. Ziffy Mortgage underwrites this on a 1.47 DSCR without U.S. credit history. With $2,843/yr in principal paydown, total projected return reaches $119,380.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 9.0% |
| Monthly Cash Flow | $30 | $300 |
City averages based on Owasso market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,034 |
| Total Monthly Debt Service | $1,881 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
7,840 sqft lot
$N/A/sqft
$395 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74055, Owasso, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,078 (100%) |
| Owner Occupied HU | 13,428 (66.9%) |
| Renter Occupied HU | 5,822 (29.0%) |
| Vacant Housing Units | 828 ( 4.1%) |
| Median Home Value | $290,089 |
| Average Home Value | $347,977 |
Housing Distribution
Address Breakdown
Residential
19,692
Single Family
17,527
Multi-Family
2,165
Businesses
1,615
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2024
7,840 sqft lot
$N/A/sqft
$395 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74055, Owasso, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,078 (100%) |
| Owner Occupied HU | 13,428 (66.9%) |
| Renter Occupied HU | 5,822 (29.0%) |
| Vacant Housing Units | 828 ( 4.1%) |
| Median Home Value | $290,089 |
| Average Home Value | $347,977 |
Housing Distribution
Address Breakdown
Residential
19,692
Single Family
17,527
Multi-Family
2,165
Businesses
1,615
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices