405 SE 2nd StPerkinsOK74059
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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
Rental property for sale in Perkins at 405 SE 2nd St, Perkins, OK, 74059 generates $1,924/mo in rent and, after a $959/mo payment, leaves $673/mo in cash flow. Total monthly income is $1,924/mo, and annual cash flow is $8,072/yr on $64,974 invested. Return on cash invested sits at 32.33% in year one, and rental yield is 11.78% on a $196,000 entry. Equity gained on principal adds $1,265/yr, while 5% annual appreciation builds toward $54,151 over five years. Five-year ROI reaches 169.73% and total cumulative return in cash sums $110,280. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,924/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74059, Perkins, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,584 (100%) |
| Owner Occupied HU | 1,591 (61.6%) |
| Renter Occupied HU | 751 (29.1%) |
| Vacant Housing Units | 242 ( 9.4%) |
| Median Home Value | $203,125 |
| Average Home Value | $236,186 |
Housing Distribution
Address Breakdown
Residential
2,402
Single Family
2,402
Multi-Family
0
Businesses
234
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Listed by: Kyle Bottger • REAL ESTATE PROFESSIONALS
Mls Name: Stillwater MLS
Mls Provider:
Mls ID: #132518
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.