60170 E 340th TrlGroveOK74344
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 Grove at 60170 E 340th Trl, Grove, OK, 74344 generates $1,027/mo in rent and, after a $563/mo payment, leaves $292/mo in cash flow. Total monthly income is $1,027/mo, and annual cash flow is $3,510/yr on $38,123 invested. Return on cash invested sits at 29.11% in year one, and rental yield is 10.72% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 152.56% and total cumulative return in cash sums $58,161. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,027/mo property income rather than buyer’s personal income.
Manufactured
Built in 2006
3.33 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nina Moser • ReeceNichols BajaRanch
Mls Name: Northeast Oklahoma BOR
Mls ID: #24-2265
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.