420 N Wheeler AveSallisawOK74955
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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 Sallisaw at 420 N Wheeler Ave, Sallisaw, OK, 74955 priced at $264,900 converts $1,885/mo rent into $193/mo cash flow after a $1,297/mo obligation. Total monthly income equals $1,885/mo, and annual cash flow totals $2,314/yr on $87,814 invested. Return on cash invested prints 22.54% in year one, and rental yield reads 8.54% against a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation compiles into $73,187 by year five. Five-year ROI reaches 117.23% and total cumulative return in cash sums $102,944. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,885/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74955, Sallisaw, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,566 (100%) |
| Owner Occupied HU | 3,718 (56.6%) |
| Renter Occupied HU | 2,007 (30.6%) |
| Vacant Housing Units | 841 (12.8%) |
| Median Home Value | $147,351 |
| Average Home Value | $179,757 |
Housing Distribution
Address Breakdown
Residential
5,876
Single Family
5,724
Multi-Family
152
Businesses
654
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