3462 E Highway 412Locust GroveOK74352
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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 Locust Grove at 3462 E Highway 412, Locust Grove, OK, 74352 uses $76,245 cash to close to unlock $4,487/yr annual cash flow and $374/mo monthly cash flow. Total monthly income runs $1,843/mo, and a $1,126/mo payment keeps the spread at $374/mo. Purchase price stands at $230,000, and rental yield measures 9.62% with $1,843/mo rent. Return on cash invested shows 25.79% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 134.65% and total cumulative return in cash records $102,667. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,843/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1968
3.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74352, Locust Grove, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,836 (100%) |
| Owner Occupied HU | 1,808 (63.8%) |
| Renter Occupied HU | 548 (19.3%) |
| Vacant Housing Units | 480 (16.9%) |
| Median Home Value | $176,786 |
| Average Home Value | $241,052 |
Housing Distribution
Address Breakdown
Residential
2,245
Single Family
2,245
Multi-Family
0
Businesses
127
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Listed by: N/A • N/A
Mls Name: United Country
Mls ID: #35093-116249