515 W 7th StNewkirkOK74647
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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 Newkirk at 515 W 7th St, Newkirk, OK, 74647 uses $49,725 cash to close to unlock $963/yr annual cash flow and $80/mo monthly cash flow. Total monthly income runs $1,038/mo, and a $734/mo payment keeps the spread at $80/mo. Purchase price stands at $150,000, and rental yield measures 8.3% with $1,038/mo rent. Return on cash invested shows 21.85% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 113.56% and total cumulative return in cash records $56,466. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,038/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1914
8,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74647, Newkirk, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,562 (100%) |
| Owner Occupied HU | 961 (61.5%) |
| Renter Occupied HU | 343 (22.0%) |
| Vacant Housing Units | 258 (16.5%) |
| Median Home Value | $141,250 |
| Average Home Value | $198,496 |
Housing Distribution
Address Breakdown
Residential
1,478
Single Family
1,478
Multi-Family
0
Businesses
125
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