407 E Hickory StCowetaOK74429
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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 Coweta at 407 E Hickory St, Coweta, OK, 74429 offers $1,144/mo rent that, after a $729/mo payment, leaves $193/mo cash flow. Total monthly income is $1,144/mo, and annual cash flow is $2,313/yr on $49,394 cash. Return on cash invested measures 24.59% in year one, and rental yield stands at 9.21% at a $149,000 entry. Equity gained on principal adds $961/yr while 5% annual appreciation compounds into $41,166 by year five. Five-year ROI records 128.21% and total cumulative return in cash reaches $63,328. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,144/mo property income versus a $729/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
5,619 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74429, Coweta, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,264 (100%) |
| Owner Occupied HU | 5,386 (74.1%) |
| Renter Occupied HU | 1,502 (20.7%) |
| Vacant Housing Units | 376 ( 5.2%) |
| Median Home Value | $285,909 |
| Average Home Value | $313,468 |
Housing Distribution
Address Breakdown
Residential
6,674
Single Family
6,482
Multi-Family
192
Businesses
365
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Listed by: Kurt Bachmann • McGraw, REALTORS
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2512218
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.