19816 E Wheat Capital RdCovingtonOK73730
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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 Covington at 19816 E Wheat Capital Rd, Covington, OK, 73730 generates $2,575/mo in rent, after a $3,181/mo payment. Total monthly income is $2,575/mo. Return on cash invested sits at 11.22% in year one, and rental yield is 4.75% on a $649,900 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,555 over five years. Five-year ROI reaches 56.47% and total cumulative return in cash sums $120,738. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,575/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
14.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73730, Covington, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 313 (100%) |
| Owner Occupied HU | 227 (72.5%) |
| Renter Occupied HU | 38 (12.1%) |
| Vacant Housing Units | 48 (15.3%) |
| Median Home Value | $220,679 |
| Average Home Value | $243,095 |
Housing Distribution
Address Breakdown
Residential
140
Single Family
140
Multi-Family
0
Businesses
17
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