602 Cedar Ridge RdFletcherOK73541
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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 Fletcher at 602 Cedar Ridge Rd, Fletcher, OK, 73541 uses $92,820 cash to close to unlock $508/yr annual cash flow and $42/mo monthly cash flow. Total monthly income runs $1,830/mo, and a $1,370/mo payment keeps the spread at $42/mo. Purchase price stands at $280,000, and rental yield measures 7.84% with $1,830/mo rent. Return on cash invested shows 20.46% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 106.06% and total cumulative return in cash records $98,445. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,830/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1993
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73541, Fletcher, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,890 (100%) |
| Owner Occupied HU | 1,300 (68.8%) |
| Renter Occupied HU | 381 (20.2%) |
| Vacant Housing Units | 209 (11.1%) |
| Median Home Value | $219,038 |
| Average Home Value | $222,212 |
Housing Distribution
Address Breakdown
Residential
1,209
Single Family
1,209
Multi-Family
0
Businesses
40
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