311 E 5th StChelseaOK74016
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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 Chelsea at 311 E 5th St, Chelsea, OK, 74016 priced at $129,950 converts $1,200/mo rent into $370/mo cash flow after a $636/mo obligation. Total monthly income equals $1,200/mo, and annual cash flow totals $4,442/yr on $43,078 invested. Return on cash invested prints 30.22% in year one, and rental yield reads 11.08% against a $129,950 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,903 by year five. Five-year ROI reaches 158.47% and total cumulative return in cash sums $68,267. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,200/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74016, Chelsea, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,729 (100%) |
| Owner Occupied HU | 1,772 (64.9%) |
| Renter Occupied HU | 664 (24.3%) |
| Vacant Housing Units | 293 (10.7%) |
| Median Home Value | $213,781 |
| Average Home Value | $248,220 |
Housing Distribution
Address Breakdown
Residential
2,413
Single Family
2,402
Multi-Family
11
Businesses
141
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Listed by: Michael Urie • Solid Rock, REALTORS
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2512028
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.