1516 Timber Ridge DrClevelandOK74020
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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 Cleveland at 1516 Timber Ridge Dr, Cleveland, OK, 74020 offers a 9.64% rental yield on a $189,000 purchase with $1,518/mo rent. Total monthly income registers $1,518/mo, and a $925/mo payment leaves $303/mo available for distribution. Annual cash flow reaches $3,633/yr on $62,654 to close, and return on cash invested stands at 25.71% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 134.26% and total cumulative return in cash at $84,118. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,518/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
N/A lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74020, Cleveland, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,677 (100%) |
| Owner Occupied HU | 2,283 (62.1%) |
| Renter Occupied HU | 834 (22.7%) |
| Vacant Housing Units | 560 (15.2%) |
| Median Home Value | $155,013 |
| Average Home Value | $188,454 |
Housing Distribution
Address Breakdown
Residential
2,918
Single Family
2,863
Multi-Family
55
Businesses
288
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Listed by: Eric Reeves • Reeves Real Estate
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2527411
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.