513 Quail Run RdGroveOK74344
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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 Grove at 513 Quail Run Rd, Grove, OK, 74344 offers $2,066/mo rent that, after a $1,463/mo payment, leaves $157/mo cash flow. Total monthly income is $2,066/mo, and annual cash flow is $1,884/yr on $99,119 cash. Return on cash invested measures 21.81% in year one, and rental yield stands at 8.29% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 113.28% and total cumulative return in cash reaches $112,282. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,066/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74344, Grove, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,731 (100%) |
| Owner Occupied HU | 4,835 (55.4%) |
| Renter Occupied HU | 1,962 (22.5%) |
| Vacant Housing Units | 1,934 (22.2%) |
| Median Home Value | $250,896 |
| Average Home Value | $348,940 |
Housing Distribution
Address Breakdown
Residential
7,509
Single Family
7,266
Multi-Family
243
Businesses
625
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Listed by: Joyce M Churchwell • RE/MAX Grand Lake
Mls Name: Northeast Oklahoma BOR
Mls ID: #25-1105
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.