224 SE 1st StPerkinsOK74059
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
Investment Highlights
Investment property for sale in Perkins at 224 SE 1st St, Perkins, OK, 74059 listed at $185,000 pairs $1,397/mo rent with a $905/mo payment to leave $216/mo cash flow. Total monthly income runs $1,397/mo, and annual cash flow reaches $2,592/yr on $61,328 cash to close. Return on cash invested measures 24.14% in year one, and rental yield registers 9.06% at a $185,000 basis. Equity gained on principal adds $1,194/yr, and annual property appreciation at 5% supports $51,112 by year five. Five-year ROI tracks 125.86% and total cumulative return in cash totals $77,187. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,397/mo property income relative to a $905/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1964
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74059, Perkins, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,584 (100%) |
| Owner Occupied HU | 1,591 (61.6%) |
| Renter Occupied HU | 751 (29.1%) |
| Vacant Housing Units | 242 ( 9.4%) |
| Median Home Value | $203,125 |
| Average Home Value | $236,186 |
Housing Distribution
Address Breakdown
Residential
2,402
Single Family
2,402
Multi-Family
0
Businesses
234
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lanae Demuth • FRONTIER REALTY
Mls Name: Stillwater MLS
Mls Provider:
Mls ID: #132312
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.