60661 E Highway 60FairlandOK74343
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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 Fairland at 60661 E Highway 60, Fairland, OK, 74343 offers a 7.52% rental yield on a $189,900 purchase with $1,190/mo rent. 48% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 100.85% and total cumulative return in cash at $63,485. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,190/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74343, Fairland, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,526 (100%) |
| Owner Occupied HU | 959 (62.8%) |
| Renter Occupied HU | 313 (20.5%) |
| Vacant Housing Units | 254 (16.6%) |
| Median Home Value | $159,673 |
| Average Home Value | $192,148 |
Housing Distribution
Address Breakdown
Residential
1,107
Single Family
1,107
Multi-Family
0
Businesses
54
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Listed by: Kristy Wilson • Solid Rock Realtors - Grove
Mls Name: Northeast Oklahoma BOR
Mls ID: #25-783
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.