31990 S 624th Pl UNIT B3GroveOK74344
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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 Grove at 31990 S 624th Pl UNIT B3, Grove, OK, 74344 uses $71,273 cash to close to unlock $3,063/yr annual cash flow and $255/mo monthly cash flow. Total monthly income runs $1,628/mo, and a $1,052/mo payment keeps the spread at $255/mo. Purchase price stands at $215,000, and rental yield measures 9.09% with $1,628/mo rent. Return on cash invested shows 24.21% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 126.19% and total cumulative return in cash records $89,941. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,628/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Condo
Built in 1984
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74344, Grove, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,731 (100%) |
| Owner Occupied HU | 4,835 (55.4%) |
| Renter Occupied HU | 1,962 (22.5%) |
| Vacant Housing Units | 1,934 (22.2%) |
| Median Home Value | $250,896 |
| Average Home Value | $348,940 |
Housing Distribution
Address Breakdown
Residential
7,509
Single Family
7,266
Multi-Family
243
Businesses
625
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