509 S Michigan AveCushingOK74023
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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 Cushing at 509 S Michigan Ave, Cushing, OK, 74023 with 5% annual appreciation on a $159,000 basis while $1,290/mo rent supports operations. Total monthly income totals $1,290/mo and a $778/mo payment preserves $275/mo for cash returns. Annual cash flow comes to $3,298/yr on $52,709 deployed, and return on cash invested reaches 26.17% in year one. Equity gained on principal adds $1,026/yr, and five-year appreciation sums $43,929 alongside rental yield of 9.74%. Five-year ROI measures 136.65% and total cumulative return in cash totals $72,024.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,290/mo property income versus a $778/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1948
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74023, Cushing, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,286 (100%) |
| Owner Occupied HU | 2,927 (55.4%) |
| Renter Occupied HU | 1,488 (28.1%) |
| Vacant Housing Units | 871 (16.5%) |
| Median Home Value | $180,256 |
| Average Home Value | $229,770 |
Housing Distribution
Address Breakdown
Residential
4,700
Single Family
4,600
Multi-Family
100
Businesses
561
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Listed by: Tommye G Waltman • Tommye Waltman & Associates
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2521574
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.