414 N East DrFletcherOK73541
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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
Investment property for sale in Fletcher at 414 N East Dr, Fletcher, OK, 73541 uses $37,460 cash to close to unlock $1,769/yr annual cash flow and $147/mo monthly cash flow. Total monthly income runs $869/mo, and a $553/mo payment keeps the spread at $147/mo. Purchase price stands at $113,000, and rental yield measures 9.23% with $869/mo rent. Return on cash invested shows 24.63% in year one, and 5% annual appreciation builds toward $31,220 over five years. Five-year ROI reaches 128.47% and total cumulative return in cash records $48,125. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $869/mo property income covering a $553/mo payment rather than investor’s personal income.
Single Family
Built in 1959
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73541, Fletcher, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,890 (100%) |
| Owner Occupied HU | 1,300 (68.8%) |
| Renter Occupied HU | 381 (20.2%) |
| Vacant Housing Units | 209 (11.1%) |
| Median Home Value | $219,038 |
| Average Home Value | $222,212 |
Housing Distribution
Address Breakdown
Residential
1,209
Single Family
1,209
Multi-Family
0
Businesses
40
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Listed by: CARLA WEAVER • CENTURY 21 FIRST CHOICE REALTY
Mls Name: Lawton BOR
Mls ID: #169390
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.