503 NW 2nd StChecotahOK74426
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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 Checotah at 503 NW 2nd St, Checotah, OK, 74426 earns $169/mo cash flow from $1,098/mo rent with a $712/mo payment. Total monthly income totals $1,098/mo, and annual cash flow totals $2,028/yr on $48,233 capital. ROI tracks 24.11% on current figures, and rental yield reads 9.06% at a $145,500 purchase. Equity gained on principal adds $939/yr, and 5% annual appreciation supports $40,199 over five years. Five-year ROI reaches 125.61% and total cumulative return in cash sums $60,585. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,098/mo property income instead of your personal income.
Single Family
Built in 1959
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74426, Checotah, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,024 (100%) |
| Owner Occupied HU | 3,169 (52.6%) |
| Renter Occupied HU | 927 (15.4%) |
| Vacant Housing Units | 1,928 (32.0%) |
| Median Home Value | $160,237 |
| Average Home Value | $192,132 |
Housing Distribution
Address Breakdown
Residential
4,082
Single Family
3,961
Multi-Family
121
Businesses
370
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Listed by: Lacey Prevett • Keller Williams Advantage
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2516661
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.