20360 E Memorial RdLutherOK73054
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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 Luther at 20360 E Memorial Rd, Luther, OK, 73054 generates $905/mo in rent and, after a $587/mo payment, leaves $139/mo in cash flow. Total monthly income is $905/mo, and annual cash flow is $1,668/yr on $39,780 invested. Return on cash invested sits at 24.1% in year one, and rental yield is 9.05% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 125.57% and total cumulative return in cash sums $49,951. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $905/mo property income rather than buyer’s personal income.
Manufactured
Built in 2021
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73054, Luther, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,971 (100%) |
| Owner Occupied HU | 1,497 (76.0%) |
| Renter Occupied HU | 293 (14.9%) |
| Vacant Housing Units | 181 ( 9.2%) |
| Median Home Value | $263,957 |
| Average Home Value | $340,050 |
Housing Distribution
Address Breakdown
Residential
1,711
Single Family
1,711
Multi-Family
0
Businesses
92
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