602 N Jefferson AveWagonerOK74467
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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 Wagoner at 602 N Jefferson Ave, Wagoner, OK, 74467 priced at $229,000 converts $1,231/mo rent into after a $1,121/mo obligation. Total monthly income equals $1,231/mo. Return on cash invested prints 16.25% in year one, and rental yield reads 6.45% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 83.52% and total cumulative return in cash sums $63,401. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,231/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Multi Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74467, Wagoner, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,278 (100%) |
| Owner Occupied HU | 4,294 (59.0%) |
| Renter Occupied HU | 1,875 (25.8%) |
| Vacant Housing Units | 1,109 (15.2%) |
| Median Home Value | $228,069 |
| Average Home Value | $262,552 |
Housing Distribution
Address Breakdown
Residential
5,918
Single Family
5,754
Multi-Family
164
Businesses
360
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Listed by: Donald Boyte • Butler Real Estate, Inc.
Mls Name: Northeast Oklahoma BOR
Mls ID: #25-744
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.