162 Park Lake DrMeadOK73449
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Nearby investment properties with comparable prices
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 Mead at 162 Park Lake Dr, Mead, OK, 73449 offers $3,448/mo rent that, after a $1,133/mo payment, leaves $1,970/mo cash flow. Total monthly income is $3,448/mo, and annual cash flow is $23,636/yr on $76,742 cash. Return on cash invested measures 50.71% in year one, and rental yield stands at 17.87% at a $231,500 entry. Equity gained on principal adds $1,494/yr while 5% annual appreciation compounds into $63,959 by year five. Five-year ROI records 268.29% and total cumulative return in cash reaches $205,894. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,448/mo property income versus a $1,133/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73449, Mead, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,857 (100%) |
| Owner Occupied HU | 1,050 (56.5%) |
| Renter Occupied HU | 336 (18.1%) |
| Vacant Housing Units | 471 (25.4%) |
| Median Home Value | $181,786 |
| Average Home Value | $236,955 |
Housing Distribution
Address Breakdown
Residential
1,407
Single Family
1,407
Multi-Family
0
Businesses
53
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