305 Chronister AveDrumrightOK74030
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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 Drumright at 305 Chronister Ave, Drumright, OK, 74030 uses $34,808 cash to close to unlock $1,312/yr annual cash flow and $109/mo monthly cash flow. Total monthly income runs $780/mo, and a $514/mo payment keeps the spread at $109/mo. Purchase price stands at $105,000, and rental yield measures 8.91% with $780/mo rent. Return on cash invested shows 23.68% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 123.43% and total cumulative return in cash records $42,962. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $780/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in 1951
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74030, Drumright, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,858 (100%) |
| Owner Occupied HU | 1,011 (54.4%) |
| Renter Occupied HU | 524 (28.2%) |
| Vacant Housing Units | 323 (17.4%) |
| Median Home Value | $134,896 |
| Average Home Value | $198,741 |
Housing Distribution
Address Breakdown
Residential
1,381
Single Family
1,308
Multi-Family
73
Businesses
199
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Listed by: Keli Smith • Chinowth & Cohen
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2529594
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.