601 E Seneca AveMcAlesterOK74501
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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 McAlester at 601 E Seneca Ave, McAlester, OK, 74501 generates $1,351/mo in rent and, after a $631/mo payment, leaves $528/mo in cash flow. Total monthly income is $1,351/mo, and annual cash flow is $6,331/yr on $42,764 invested. Return on cash invested sits at 34.71% in year one, and rental yield is 12.57% on a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 182.51% and total cumulative return in cash sums $78,049. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,351/mo property income rather than buyer’s personal income.
Multi Family
Built in 1940
5,401 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74501, Mcalester, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,660 (100%) |
| Owner Occupied HU | 7,902 (57.8%) |
| Renter Occupied HU | 3,698 (27.1%) |
| Vacant Housing Units | 2,060 (15.1%) |
| Median Home Value | $174,645 |
| Average Home Value | $218,130 |
Housing Distribution
Address Breakdown
Residential
11,670
Single Family
11,093
Multi-Family
577
Businesses
1,061
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Listed by: Cacey Sanders • Keller Williams SEOK
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2520995
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.