24118 E Howard RdMorrisOK74445
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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 Morris at 24118 E Howard Rd, Morris, OK, 74445 uses $41,050 cash to close to unlock $4,551/yr annual cash flow and $379/mo monthly cash flow. Total monthly income runs $1,170/mo, and a $606/mo payment keeps the spread at $379/mo. Purchase price stands at $123,830, and rental yield measures 11.34% with $1,170/mo rent. Return on cash invested shows 31% in year one, and 5% annual appreciation builds toward $34,212 over five years. Five-year ROI reaches 162.65% and total cumulative return in cash records $66,766. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,170/mo property income covering a $606/mo payment rather than investor’s personal income.
Single Family
Built in 2011
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74445, Morris, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,172 (100%) |
| Owner Occupied HU | 757 (64.6%) |
| Renter Occupied HU | 261 (22.3%) |
| Vacant Housing Units | 154 (13.1%) |
| Median Home Value | $190,923 |
| Average Home Value | $217,087 |
Housing Distribution
Address Breakdown
Residential
1,180
Single Family
1,180
Multi-Family
0
Businesses
95
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