29 E Midland StShawneeOK74804
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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 Shawnee at 29 E Midland St, Shawnee, OK, 74804 offers $1,210/mo rent that, after a $709/mo payment, leaves $285/mo cash flow. Total monthly income is $1,210/mo, and annual cash flow is $3,418/yr on $48,034 cash. Return on cash invested measures 27.03% in year one, and rental yield stands at 10.02% at a $144,900 entry. Equity gained on principal adds $935/yr while 5% annual appreciation compounds into $40,033 by year five. Five-year ROI records 141.28% and total cumulative return in cash reaches $67,861. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,210/mo property income versus a $709/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74804, Shawnee, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,272 (100%) |
| Owner Occupied HU | 5,623 (60.6%) |
| Renter Occupied HU | 2,856 (30.8%) |
| Vacant Housing Units | 793 ( 8.6%) |
| Median Home Value | $236,890 |
| Average Home Value | $253,463 |
Housing Distribution
Address Breakdown
Residential
9,144
Single Family
8,395
Multi-Family
749
Businesses
733
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