603 S Spring StGroveOK74344
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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 Grove at 603 S Spring St, Grove, OK, 74344 listed at $209,500 pairs $1,698/mo rent with a $1,025/mo payment to leave $360/mo cash flow. Total monthly income runs $1,698/mo, and annual cash flow reaches $4,326/yr on $69,449 cash to close. Return on cash invested measures 26.14% in year one, and rental yield registers 9.73% at a $209,500 basis. Equity gained on principal adds $1,352/yr, and annual property appreciation at 5% supports $57,881 by year five. Five-year ROI tracks 136.52% and total cumulative return in cash totals $94,815. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,698/mo property income relative to a $1,025/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
0.25 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
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