18960 E Ridgeline RdCatoosaOK74015
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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 Catoosa at 18960 E Ridgeline Rd, Catoosa, OK, 74015 offers a 8.59% rental yield on a $417,000 purchase with $2,985/mo rent. Total monthly income registers $2,985/mo, and a $2,041/mo payment leaves $193/mo available for distribution. Annual cash flow reaches $2,317/yr on $138,236 to close, and return on cash invested stands at 21.59% in year one. Equity gained on principal adds $2,691/yr while 5% annual appreciation supports $115,209 over five years. Portfolio math shows five-year ROI at 112.52% and total cumulative return in cash at $155,545. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,985/mo property income against a $2,041/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
0.51 Acres lot
$N/A/sqft
$329 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74015, Catoosa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,917 (100%) |
| Owner Occupied HU | 2,578 (65.8%) |
| Renter Occupied HU | 1,028 (26.2%) |
| Vacant Housing Units | 311 ( 7.9%) |
| Median Home Value | $273,848 |
| Average Home Value | $294,813 |
Housing Distribution
Address Breakdown
Residential
3,591
Single Family
3,551
Multi-Family
40
Businesses
573
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Listed by: Jayne Ash • Chinowth & Cohen
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2314273
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.