315 N Locust StFairlandOK74343
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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 Fairland at 315 N Locust St, Fairland, OK, 74343 generates $1,667/mo in rent and, after a $536/mo payment, leaves $968/mo in cash flow. Total monthly income is $1,667/mo, and annual cash flow is $11,612/yr on $36,299 invested. Return on cash invested sits at 51.9% in year one, and rental yield is 18.27% on a $109,500 entry. Equity gained on principal adds $707/yr, while 5% annual appreciation builds toward $30,253 over five years. Five-year ROI reaches 274.68% and total cumulative return in cash sums $99,707. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,667/mo property income rather than buyer’s personal income.
Townhouse
Built in 1980
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74343, Fairland, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,526 (100%) |
| Owner Occupied HU | 959 (62.8%) |
| Renter Occupied HU | 313 (20.5%) |
| Vacant Housing Units | 254 (16.6%) |
| Median Home Value | $159,673 |
| Average Home Value | $192,148 |
Housing Distribution
Address Breakdown
Residential
1,107
Single Family
1,107
Multi-Family
0
Businesses
54
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Listed by: Naomi Walker • Solid Rock REALTORS - Miami
Mls Name: Northeast Oklahoma BOR
Mls ID: #25-1336
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.