216 Norwood CtWatongaOK73772
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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
Investment property for sale in Watonga at 216 Norwood Ct, Watonga, OK, 73772 offers a 8.59% rental yield on a $130,000 purchase with $931/mo rent. Total monthly income registers $931/mo, and a $636/mo payment leaves $98/mo available for distribution. Annual cash flow reaches $1,182/yr on $43,095 to close, and return on cash invested stands at 22.65% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,917 over five years. Portfolio math shows five-year ROI at 117.88% and total cumulative return in cash at $50,799. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $931/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73772, Watonga, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,935 (100%) |
| Owner Occupied HU | 1,062 (54.9%) |
| Renter Occupied HU | 503 (26.0%) |
| Vacant Housing Units | 370 (19.1%) |
| Median Home Value | $200,000 |
| Average Home Value | $206,556 |
Housing Distribution
Address Breakdown
Residential
1,566
Single Family
1,566
Multi-Family
0
Businesses
210
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