308 S Cedar AveNewkirkOK74647
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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 Newkirk at 308 S Cedar Ave, Newkirk, OK, 74647 offers $1,970/mo rent that, after a $1,028/mo payment, leaves $629/mo cash flow. Total monthly income is $1,970/mo, and annual cash flow is $7,545/yr on $69,615 cash. Return on cash invested measures 30.75% in year one, and rental yield stands at 11.26% at a $210,000 entry. Equity gained on principal adds $1,355/yr while 5% annual appreciation compounds into $58,019 by year five. Five-year ROI records 161.23% and total cumulative return in cash reaches $112,240. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,970/mo property income versus a $1,028/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74647, Newkirk, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,562 (100%) |
| Owner Occupied HU | 961 (61.5%) |
| Renter Occupied HU | 343 (22.0%) |
| Vacant Housing Units | 258 (16.5%) |
| Median Home Value | $141,250 |
| Average Home Value | $198,496 |
Housing Distribution
Address Breakdown
Residential
1,478
Single Family
1,478
Multi-Family
0
Businesses
125
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