218 W Seneca AveNowataOK74048
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow218 W Seneca Ave, Nowata, OK, 74048 in Nowata is a solid income-producing rental, 10.87% gross yield, $1,132/mo rent, $334/mo net cash flow on a $124,900 buy. DSCR 2.01 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $34,508 and $1,150/yr in principal reduction project a total cumulative return of $68,986.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 6.2% |
| Monthly Cash Flow | $334 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,132 |
| Total Monthly Debt Service | $748 |
| DSCR Ratio | 1.51x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1915
8,799 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74048, Nowata, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,537 (100%) |
| Owner Occupied HU | 1,514 (59.7%) |
| Renter Occupied HU | 672 (26.5%) |
| Vacant Housing Units | 351 (13.8%) |
| Median Home Value | $154,321 |
| Average Home Value | $211,367 |
Housing Distribution
Address Breakdown
Residential
2,560
Single Family
2,459
Multi-Family
101
Businesses
266
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1915
8,799 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74048, Nowata, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,537 (100%) |
| Owner Occupied HU | 1,514 (59.7%) |
| Renter Occupied HU | 672 (26.5%) |
| Vacant Housing Units | 351 (13.8%) |
| Median Home Value | $154,321 |
| Average Home Value | $211,367 |
Housing Distribution
Address Breakdown
Residential
2,560
Single Family
2,459
Multi-Family
101
Businesses
266
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices