214 E Lake DrMedicine ParkOK73557
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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 Medicine Park at 214 E Lake Dr, Medicine Park, OK, 73557 priced at $259,000 converts $809/mo rent into after a $1,268/mo obligation. Total monthly income equals $809/mo. Return on cash invested prints 8.09% in year one, and rental yield reads 3.75% against a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation compiles into $71,557 by year five. Five-year ROI reaches 39.75% and total cumulative return in cash sums $34,132. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $809/mo property income covering a $1,268/mo payment, not borrower’s personal income.
Single Family
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73557, Medicine Park, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 213 (100%) |
| Owner Occupied HU | 121 (56.8%) |
| Renter Occupied HU | 22 (10.3%) |
| Vacant Housing Units | 70 (32.9%) |
| Median Home Value | $358,108 |
| Average Home Value | $366,302 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
28
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Listed by: SHIRLEY BRIDGERS • ALL TERRAIN REALTY LLC
Mls Name: Lawton BOR
Mls ID: #168811