402 2nd Ave NWMiamiOK74354
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
Investment property for sale in Miami at 402 2nd Ave NW, Miami, OK, 74354 uses $94,444 cash to close to unlock $8,508/yr annual cash flow and $709/mo monthly cash flow. Total monthly income runs $2,528/mo, and a $1,394/mo payment keeps the spread at $709/mo. Purchase price stands at $284,900, and rental yield measures 10.65% with $2,528/mo rent. Return on cash invested shows 28.92% in year one, and 5% annual appreciation builds toward $78,713 over five years. Five-year ROI reaches 151.45% and total cumulative return in cash records $143,039. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,528/mo property income covering a $1,394/mo payment rather than investor’s personal income.
Single Family
Built in 1941
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74354, Miami, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,672 (100%) |
| Owner Occupied HU | 4,121 (53.7%) |
| Renter Occupied HU | 2,559 (33.4%) |
| Vacant Housing Units | 992 (12.9%) |
| Median Home Value | $129,991 |
| Average Home Value | $167,701 |
Housing Distribution
Address Breakdown
Residential
7,297
Single Family
6,915
Multi-Family
382
Businesses
674
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices