206 S Hickory StNowataOK74048
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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 Nowata at 206 S Hickory St, Nowata, OK, 74048 priced at $105,000 converts $1,247/mo rent into $576/mo cash flow after a $514/mo obligation. Total monthly income equals $1,247/mo, and annual cash flow totals $6,916/yr on $34,808 invested. Return on cash invested prints 39.78% in year one, and rental yield reads 14.25% against a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,010 by year five. Five-year ROI reaches 209.79% and total cumulative return in cash sums $73,022. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,247/mo property income covering a $514/mo payment, not borrower’s personal income.
Single Family
Built in 1920
5,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74048, Nowata, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,537 (100%) |
| Owner Occupied HU | 1,514 (59.7%) |
| Renter Occupied HU | 672 (26.5%) |
| Vacant Housing Units | 351 (13.8%) |
| Median Home Value | $154,321 |
| Average Home Value | $211,367 |
Housing Distribution
Address Breakdown
Residential
2,560
Single Family
2,459
Multi-Family
101
Businesses
266
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