308 S Cearlock AveCheyenneOK73628
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowNot flashy, but dependably profitable, 308 S Cearlock Ave, Cheyenne, OK, 73628 in Cheyenne is listed at $115,000 and delivers $960/mo in rent and $226/mo in net monthly cash flow. The 10.02% yield and 1.86 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $31,772 over five years, and $1,059/yr in principal reduction supplements cash return. Total projected cumulative return: $58,259.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 6.2% |
| Monthly Cash Flow | $226 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $960 |
| Total Monthly Debt Service | $689 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1935
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73628, Cheyenne, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 766 (100%) |
| Owner Occupied HU | 459 (59.9%) |
| Renter Occupied HU | 116 (15.1%) |
| Vacant Housing Units | 191 (24.9%) |
| Median Home Value | $186,638 |
| Average Home Value | $276,438 |
Housing Distribution
Address Breakdown
Residential
417
Single Family
417
Multi-Family
0
Businesses
87
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
Single Family
Built in 1935
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73628, Cheyenne, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 766 (100%) |
| Owner Occupied HU | 459 (59.9%) |
| Renter Occupied HU | 116 (15.1%) |
| Vacant Housing Units | 191 (24.9%) |
| Median Home Value | $186,638 |
| Average Home Value | $276,438 |
Housing Distribution
Address Breakdown
Residential
417
Single Family
417
Multi-Family
0
Businesses
87
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices