20864 Luton Ln, Howe, OK, 74940 | 5.4% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Howe at 20864 Luton Ln, Howe, OK, 74940 generates $1,301/mo in rent, after a $1,415/mo payment. Total monthly income is $1,301/mo. Return on cash invested sits at 13.08% in year one, and rental yield is 5.4% on a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 66.49% and total cumulative return in cash sums $63,698. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,301/mo property income rather than buyer’s personal income.

Single Family

Built in N/A

44.26 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 74940, Howe, OK area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,162 (100%)
Owner Occupied HU	785 (67.6%)
Renter Occupied HU	249 (21.4%)
Vacant Housing Units	128 (11.0%)
Median Home Value	$152,734
Average Home Value	$193,455