508 Covington PlTahlequahOK74464
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 Tahlequah at 508 Covington Pl, Tahlequah, OK, 74464 offers $4,267/mo rent that, after a $2,393/mo payment, leaves $1,145/mo cash flow. Total monthly income is $4,267/mo, and annual cash flow is $13,735/yr on $162,104 cash. Return on cash invested measures 28.38% in year one, and rental yield stands at 10.47% at a $489,000 entry. Equity gained on principal adds $3,155/yr while 5% annual appreciation compounds into $135,102 by year five. Five-year ROI records 148.53% and total cumulative return in cash reaches $240,778. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,267/mo property income versus a $2,393/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74464, Tahlequah, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,955 (100%) |
| Owner Occupied HU | 6,563 (47.0%) |
| Renter Occupied HU | 5,616 (40.2%) |
| Vacant Housing Units | 1,776 (12.7%) |
| Median Home Value | $187,782 |
| Average Home Value | $238,022 |
Housing Distribution
Address Breakdown
Residential
12,942
Single Family
12,254
Multi-Family
688
Businesses
1,081
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices