2530 E Meadowood DrClevelandOK74020
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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
Rental property for sale in Cleveland at 2530 E Meadowood Dr, Cleveland, OK, 74020 generates $1,949/mo in rent, after a $1,806/mo payment. Total monthly income is $1,949/mo. Return on cash invested sits at 15.79% in year one, and rental yield is 6.34% on a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 81.09% and total cumulative return in cash sums $99,195. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,949/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
1.10 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74020, Cleveland, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,677 (100%) |
| Owner Occupied HU | 2,283 (62.1%) |
| Renter Occupied HU | 834 (22.7%) |
| Vacant Housing Units | 560 (15.2%) |
| Median Home Value | $155,013 |
| Average Home Value | $188,454 |
Housing Distribution
Address Breakdown
Residential
2,918
Single Family
2,863
Multi-Family
55
Businesses
288
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Listed by: Pamela Higgs • Kevo Properties
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2509981
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.