505 S East DrFletcherOK73541
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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 Fletcher at 505 S East Dr, Fletcher, OK, 73541 priced at $315,000 converts $1,886/mo rent into after a $1,542/mo obligation. Total monthly income equals $1,886/mo. Return on cash invested prints 18.46% in year one, and rental yield reads 7.18% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 95.38% and total cumulative return in cash sums $99,593. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,886/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 1970
2.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73541, Fletcher, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,890 (100%) |
| Owner Occupied HU | 1,300 (68.8%) |
| Renter Occupied HU | 381 (20.2%) |
| Vacant Housing Units | 209 (11.1%) |
| Median Home Value | $219,038 |
| Average Home Value | $222,212 |
Housing Distribution
Address Breakdown
Residential
1,209
Single Family
1,209
Multi-Family
0
Businesses
40
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