1408 Garfield StIdabelOK74745
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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
Investment property for sale in Idabel at 1408 Garfield St, Idabel, OK, 74745 uses $58,013 cash to close to unlock $7,080/yr annual cash flow and $590/mo monthly cash flow. Total monthly income runs $1,708/mo, and a $857/mo payment keeps the spread at $590/mo. Purchase price stands at $175,000, and rental yield measures 11.71% with $1,708/mo rent. Return on cash invested shows 32.11% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 168.55% and total cumulative return in cash records $97,783. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,708/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74745, Idabel, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,190 (100%) |
| Owner Occupied HU | 2,186 (52.2%) |
| Renter Occupied HU | 1,525 (36.4%) |
| Vacant Housing Units | 479 (11.4%) |
| Median Home Value | $151,543 |
| Average Home Value | $214,714 |
Housing Distribution
Address Breakdown
Residential
4,012
Single Family
3,844
Multi-Family
168
Businesses
553
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