405 N Main StLexingtonOK73051
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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 Lexington at 405 N Main St, Lexington, OK, 73051 priced at $189,900 converts $1,511/mo rent into $299/mo cash flow after a $929/mo obligation. Total monthly income equals $1,511/mo, and annual cash flow totals $3,585/yr on $62,952 invested. Return on cash invested prints 25.6% in year one, and rental yield reads 9.55% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 133.65% and total cumulative return in cash sums $84,137. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,511/mo property income covering a $929/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73051, Lexington, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,041 (100%) |
| Owner Occupied HU | 2,010 (66.1%) |
| Renter Occupied HU | 665 (21.9%) |
| Vacant Housing Units | 366 (12.0%) |
| Median Home Value | $234,697 |
| Average Home Value | $304,837 |
Housing Distribution
Address Breakdown
Residential
2,785
Single Family
2,785
Multi-Family
0
Businesses
117
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