15019 S 284th East AveCowetaOK74429
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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 Coweta at 15019 S 284th East Ave, Coweta, OK, 74429 uses $74,588 cash to close to unlock $6,136/yr annual cash flow and $511/mo monthly cash flow. Total monthly income runs $1,948/mo, and a $1,101/mo payment keeps the spread at $511/mo. Purchase price stands at $225,000, and rental yield measures 10.39% with $1,948/mo rent. Return on cash invested shows 28.14% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 147.25% and total cumulative return in cash records $109,833. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,948/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 2020
5,314 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74429, Coweta, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,264 (100%) |
| Owner Occupied HU | 5,386 (74.1%) |
| Renter Occupied HU | 1,502 (20.7%) |
| Vacant Housing Units | 376 ( 5.2%) |
| Median Home Value | $285,909 |
| Average Home Value | $313,468 |
Housing Distribution
Address Breakdown
Residential
6,674
Single Family
6,482
Multi-Family
192
Businesses
365
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Listed by: Erin Catron • Erin Catron & Company, LLC
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2511525
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.