507 S Saltwell StSalinaOK74365
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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 Salina at 507 S Saltwell St, Salina, OK, 74365 with 5% annual appreciation on a $165,000 basis while $1,601/mo rent supports operations. Total monthly income totals $1,601/mo and a $808/mo payment preserves $547/mo for cash returns. Annual cash flow comes to $6,562/yr on $54,698 deployed, and return on cash invested reaches 31.91% in year one. Equity gained on principal adds $1,065/yr, and five-year appreciation sums $45,586 alongside rental yield of 11.64%. Five-year ROI measures 167.44% and total cumulative return in cash totals $91,583.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,601/mo property income versus a $808/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1964
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74365, Salina, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,959 (100%) |
| Owner Occupied HU | 1,138 (58.1%) |
| Renter Occupied HU | 385 (19.7%) |
| Vacant Housing Units | 436 (22.3%) |
| Median Home Value | $177,976 |
| Average Home Value | $221,907 |
Housing Distribution
Address Breakdown
Residential
1,276
Single Family
1,276
Multi-Family
0
Businesses
73
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