229 W Delaware AveNowataOK74048
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
Rental property for sale in Nowata at 229 W Delaware Ave, Nowata, OK, 74048 priced at $167,000 converts $1,336/mo rent into $270/mo cash flow after a $817/mo obligation. Total monthly income equals $1,336/mo, and annual cash flow totals $3,239/yr on $55,361 invested. Return on cash invested prints 25.76% in year one, and rental yield reads 9.6% against a $167,000 entry. Equity gained on principal adds $1,078/yr, while 5% annual appreciation compiles into $46,139 by year five. Five-year ROI reaches 134.46% and total cumulative return in cash sums $74,439. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,336/mo property income covering a $817/mo payment, not borrower’s personal income.
Single Family
Built in 1945
0.28 Acres 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
Listed by: Ella Carter • Keller Williams Realty
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2510141
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.