1605 Preakness PlSallisawOK74955
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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 Sallisaw at 1605 Preakness Pl, Sallisaw, OK, 74955 generates $2,027/mo in rent and, after a $1,150/mo payment, leaves $526/mo in cash flow. Total monthly income is $2,027/mo, and annual cash flow is $6,318/yr on $77,903 invested. Return on cash invested sits at 28.02% in year one, and rental yield is 10.35% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 146.6% and total cumulative return in cash sums $114,208. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,027/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
10,502 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74955, Sallisaw, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,566 (100%) |
| Owner Occupied HU | 3,718 (56.6%) |
| Renter Occupied HU | 2,007 (30.6%) |
| Vacant Housing Units | 841 (12.8%) |
| Median Home Value | $147,351 |
| Average Home Value | $179,757 |
Housing Distribution
Address Breakdown
Residential
5,876
Single Family
5,724
Multi-Family
152
Businesses
654
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