1508 S Woodland DrOkmulgeeOK74447
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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 Okmulgee at 1508 S Woodland Dr, Okmulgee, OK, 74447 priced at $249,500 converts $2,496/mo rent into $855/mo cash flow after a $1,221/mo obligation. Total monthly income equals $2,496/mo, and annual cash flow totals $10,265/yr on $82,709 invested. Return on cash invested prints 32.32% in year one, and rental yield reads 12% against a $249,500 entry. Equity gained on principal adds $1,610/yr, while 5% annual appreciation compiles into $68,932 by year five. Five-year ROI reaches 169.92% and total cumulative return in cash sums $140,541. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,496/mo property income covering a $1,221/mo payment, not borrower’s personal income.
Single Family
Built in 1923
0.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74447, Okmulgee, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,298 (100%) |
| Owner Occupied HU | 3,719 (51.0%) |
| Renter Occupied HU | 2,384 (32.7%) |
| Vacant Housing Units | 1,195 (16.4%) |
| Median Home Value | $115,382 |
| Average Home Value | $158,184 |
Housing Distribution
Address Breakdown
Residential
6,692
Single Family
6,177
Multi-Family
515
Businesses
717
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Listed by: Jamie Goodnight • Keller Williams Advantage
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2505357
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.