312 NW 62nd StLawtonOK73505
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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 Lawton at 312 NW 62nd St, Lawton, OK, 73505 offers a 11.4% rental yield on a $189,900 purchase with $1,804/mo rent. Total monthly income registers $1,804/mo, and a $929/mo payment leaves $582/mo available for distribution. Annual cash flow reaches $6,979/yr on $62,952 to close, and return on cash invested stands at 31% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 162.63% and total cumulative return in cash at $102,377. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,804/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
7,874 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73505, Lawton, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,655 (100%) |
| Owner Occupied HU | 9,894 (43.7%) |
| Renter Occupied HU | 9,467 (41.8%) |
| Vacant Housing Units | 3,294 (14.5%) |
| Median Home Value | $171,332 |
| Average Home Value | $208,229 |
Housing Distribution
Address Breakdown
Residential
21,147
Single Family
19,322
Multi-Family
1,825
Businesses
1,041
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Listed by: Jeannine Mitchell • RE/MAX PROFESSIONALS
Mls Name: Lawton BOR
Mls ID: #168524
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.