418 Iowa StGarberOK73738
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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 Garber at 418 Iowa St, Garber, OK, 73738 uses $57,979 cash to close to unlock $1,117/yr annual cash flow and $93/mo monthly cash flow. Total monthly income runs $1,210/mo, and a $856/mo payment keeps the spread at $93/mo. Purchase price stands at $174,900, and rental yield measures 8.3% with $1,210/mo rent. Return on cash invested shows 21.84% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 113.52% and total cumulative return in cash records $65,820. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,210/mo property income covering a $856/mo payment rather than investor’s personal income.
Single Family
Built in 1960
10,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73738, Garber, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 532 (100%) |
| Owner Occupied HU | 301 (56.6%) |
| Renter Occupied HU | 112 (21.1%) |
| Vacant Housing Units | 119 (22.4%) |
| Median Home Value | $159,167 |
| Average Home Value | $212,284 |
Housing Distribution
Address Breakdown
Residential
245
Single Family
245
Multi-Family
0
Businesses
38
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