502 N Creek StDeweyOK74029
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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 Dewey at 502 N Creek St, Dewey, OK, 74029 uses $46,410 cash to close to unlock $1,154/yr annual cash flow and $96/mo monthly cash flow. Total monthly income runs $990/mo, and a $685/mo payment keeps the spread at $96/mo. Purchase price stands at $140,000, and rental yield measures 8.49% with $990/mo rent. Return on cash invested shows 22.4% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 116.56% and total cumulative return in cash records $54,094. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $990/mo property income covering a $685/mo payment rather than investor’s personal income.
Multi Family
Built in 1977
5,009 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74029, Dewey, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,269 (100%) |
| Owner Occupied HU | 1,469 (64.7%) |
| Renter Occupied HU | 563 (24.8%) |
| Vacant Housing Units | 237 (10.4%) |
| Median Home Value | $184,263 |
| Average Home Value | $199,770 |
Housing Distribution
Address Breakdown
Residential
2,128
Single Family
2,128
Multi-Family
0
Businesses
199
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