502 E Schmid StWynnewoodOK73098
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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 Wynnewood at 502 E Schmid St, Wynnewood, OK, 73098 offers $1,127/mo rent that, after a $734/mo payment, leaves $169/mo cash flow. Total monthly income is $1,127/mo, and annual cash flow is $2,033/yr on $49,692 cash. Return on cash invested measures 24% in year one, and rental yield stands at 9.02% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Five-year ROI records 125.09% and total cumulative return in cash reaches $62,159. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,127/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73098, Wynnewood, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,820 (100%) |
| Owner Occupied HU | 1,039 (57.1%) |
| Renter Occupied HU | 468 (25.7%) |
| Vacant Housing Units | 313 (17.2%) |
| Median Home Value | $174,023 |
| Average Home Value | $228,301 |
Housing Distribution
Address Breakdown
Residential
1,620
Single Family
1,620
Multi-Family
0
Businesses
142
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