502 W Morehead AveWashingtonOK73093
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Washington at 502 W Morehead Ave, Washington, OK, 73093 priced at $290,000 pairs $1,948/mo rent with $96/mo cash flow after a $1,419/mo payment. Total monthly income equals $1,948/mo, and annual cash flow comes to $1,157/yr on $96,135 invested. Return on cash invested is 21.11% in year one, and rental yield stands at 8.06% on a $290,000 basis. Equity gained on principal adds $1,871/yr, and 5% annual appreciation accumulates to $80,122 by year five. Five-year ROI measures 109.58% and total cumulative return in cash reaches $105,340. For financing, Ziffy Mortgage’s DSCR program evaluates $1,948/mo property income against a $1,419/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1980
2,090 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73093, Washington, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,575 (100%) |
| Owner Occupied HU | 1,255 (79.7%) |
| Renter Occupied HU | 215 (13.7%) |
| Vacant Housing Units | 105 ( 6.7%) |
| Median Home Value | $291,952 |
| Average Home Value | $328,813 |
Housing Distribution
Address Breakdown
Residential
1,230
Single Family
1,230
Multi-Family
0
Businesses
96
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