429 S Bailey StHobartOK73651
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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 Hobart at 429 S Bailey St, Hobart, OK, 73651 priced at $224,900 converts $1,732/mo rent into $296/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,732/mo, and annual cash flow totals $3,546/yr on $74,554 invested. Return on cash invested prints 24.67% in year one, and rental yield reads 9.24% against a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,136 by year five. Five-year ROI reaches 128.64% and total cumulative return in cash sums $95,905. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,732/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 2010
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73651, Hobart, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,062 (100%) |
| Owner Occupied HU | 979 (47.5%) |
| Renter Occupied HU | 564 (27.4%) |
| Vacant Housing Units | 519 (25.2%) |
| Median Home Value | $84,149 |
| Average Home Value | $132,674 |
Housing Distribution
Address Breakdown
Residential
1,627
Single Family
1,566
Multi-Family
61
Businesses
229
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