215 E Cereal StDelawareOK74027
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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 Delaware at 215 E Cereal St, Delaware, OK, 74027 priced at $219,500 converts $2,366/mo rent into $965/mo cash flow after a $1,074/mo obligation. Total monthly income equals $2,366/mo, and annual cash flow totals $11,575/yr on $72,764 invested. Return on cash invested prints 35.82% in year one, and rental yield reads 12.93% against a $219,500 entry. Equity gained on principal adds $1,416/yr, while 5% annual appreciation compiles into $60,644 by year five. Five-year ROI reaches 188.43% and total cumulative return in cash sums $137,110. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,366/mo property income covering a $1,074/mo payment, not borrower’s personal income.
Single Family
Built in 1968
12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74027, Delaware, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 464 (100%) |
| Owner Occupied HU | 343 (73.9%) |
| Renter Occupied HU | 67 (14.4%) |
| Vacant Housing Units | 54 (11.6%) |
| Median Home Value | $223,387 |
| Average Home Value | $285,292 |
Housing Distribution
Address Breakdown
Residential
357
Single Family
357
Multi-Family
0
Businesses
10
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Listed by: Drew Ary • Keller Williams Advantage
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2410711
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.