605 NE 3rd StLutherOK73054
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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 Luther at 605 NE 3rd St, Luther, OK, 73054 earns $537/mo cash flow from $1,680/mo rent with a $876/mo payment. Total monthly income totals $1,680/mo, and annual cash flow totals $6,444/yr on $59,339 capital. ROI tracks 30.77% on current figures, and rental yield reads 11.26% at a $179,000 purchase. Equity gained on principal adds $1,155/yr, and 5% annual appreciation supports $49,454 over five years. Five-year ROI reaches 161.34% and total cumulative return in cash sums $95,739. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,680/mo property income instead of your personal income.
Single Family
Built in 1965
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73054, Luther, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,971 (100%) |
| Owner Occupied HU | 1,497 (76.0%) |
| Renter Occupied HU | 293 (14.9%) |
| Vacant Housing Units | 181 ( 9.2%) |
| Median Home Value | $263,957 |
| Average Home Value | $340,050 |
Housing Distribution
Address Breakdown
Residential
1,711
Single Family
1,711
Multi-Family
0
Businesses
92
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