417 E Old Hickory LnPerkinsOK74059
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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 Perkins at 417 E Old Hickory Ln, Perkins, OK, 74059 uses $78,922 cash to close to unlock $1,198/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $1,620/mo, and a $1,165/mo payment keeps the spread at $100/mo. Purchase price stands at $238,075, and rental yield measures 8.17% with $1,620/mo rent. Return on cash invested shows 21.43% in year one, and 5% annual appreciation builds toward $65,776 over five years. Five-year ROI reaches 111.24% and total cumulative return in cash records $87,790. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,620/mo property income covering a $1,165/mo payment rather than investor’s personal income.
Single Family
Built in 2024
0.59 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: Brett Creager • Copper Creek Real Estate
Mls Name: MLSOK/OKCMAR
Mls Provider:
Mls ID: #1129486
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