602 N College StCordellOK73632
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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 Cordell at 602 N College St, Cordell, OK, 73632 generates $1,423/mo in rent, after a $1,395/mo payment. Total monthly income is $1,423/mo. Return on cash invested sits at 14.86% in year one, and rental yield is 5.99% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 76.05% and total cumulative return in cash sums $71,850. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,423/mo property income rather than buyer’s personal income.
Single Family
Built in 1924
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73632, Cordell, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,794 (100%) |
| Owner Occupied HU | 1,062 (59.2%) |
| Renter Occupied HU | 413 (23.0%) |
| Vacant Housing Units | 319 (17.8%) |
| Median Home Value | $121,457 |
| Average Home Value | $184,343 |
Housing Distribution
Address Breakdown
Residential
1,438
Single Family
1,358
Multi-Family
80
Businesses
184
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