379022 Old Highway 62OkemahOK74859
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Okemah at 379022 Old Highway 62, Okemah, OK, 74859 generates $2,150/mo in rent and, after a $1,150/mo payment, leaves $649/mo in cash flow. Total monthly income is $2,150/mo, and annual cash flow is $7,794/yr on $77,903 invested. Return on cash invested sits at 29.91% in year one, and rental yield is 10.98% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 156.77% and total cumulative return in cash sums $122,128. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,150/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74859, Okemah, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,854 (100%) |
| Owner Occupied HU | 1,612 (56.5%) |
| Renter Occupied HU | 714 (25.0%) |
| Vacant Housing Units | 528 (18.5%) |
| Median Home Value | $134,127 |
| Average Home Value | $190,613 |
Housing Distribution
Address Breakdown
Residential
2,448
Single Family
2,400
Multi-Family
48
Businesses
300
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices