500 NW 1st StForganOK73938
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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 Forgan at 500 NW 1st St, Forgan, OK, 73938 listed at $160,000 pairs $1,134/mo rent with a $783/mo payment to leave $112/mo cash flow. Total monthly income runs $1,134/mo, and annual cash flow reaches $1,348/yr on $53,040 cash to close. Return on cash invested measures 22.45% in year one, and rental yield registers 8.51% at a $160,000 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,205 by year five. Five-year ROI tracks 116.79% and total cumulative return in cash totals $61,946. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,134/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73938, Forgan, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 303 (100%) |
| Owner Occupied HU | 199 (65.7%) |
| Renter Occupied HU | 45 (14.9%) |
| Vacant Housing Units | 59 (19.5%) |
| Median Home Value | $98,333 |
| Average Home Value | $144,887 |
Housing Distribution
Address Breakdown
Residential
94
Single Family
94
Multi-Family
0
Businesses
22
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