216 N Cedar StLutherOK73054
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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 216 N Cedar St, Luther, OK, 73054 generates $1,680/mo in rent and, after a $964/mo payment, leaves $422/mo in cash flow. Total monthly income is $1,680/mo, and annual cash flow is $5,066/yr on $65,306 invested. Return on cash invested sits at 27.67% in year one, and rental yield is 10.23% on a $197,000 entry. Equity gained on principal adds $1,271/yr, while 5% annual appreciation builds toward $54,427 over five years. Five-year ROI reaches 144.78% and total cumulative return in cash sums $94,550. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,680/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
0.32 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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