506 E Seminole AveMcAlesterOK74501
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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 McAlester at 506 E Seminole Ave, McAlester, OK, 74501 offers a 8.9% rental yield on a $194,900 purchase with $1,445/mo rent. Total monthly income registers $1,445/mo, and a $954/mo payment leaves $200/mo available for distribution. Annual cash flow reaches $2,403/yr on $64,609 to close, and return on cash invested stands at 23.63% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,847 over five years. Portfolio math shows five-year ROI at 123.11% and total cumulative return in cash at $79,539. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,445/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
5,619 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74501, Mcalester, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,660 (100%) |
| Owner Occupied HU | 7,902 (57.8%) |
| Renter Occupied HU | 3,698 (27.1%) |
| Vacant Housing Units | 2,060 (15.1%) |
| Median Home Value | $174,645 |
| Average Home Value | $218,130 |
Housing Distribution
Address Breakdown
Residential
11,670
Single Family
11,093
Multi-Family
577
Businesses
1,061
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Listed by: Jeremy Cowden • Keller Williams SEOK
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2525027
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.