608 Meandering RdFrederickOK73542
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow608 Meandering Rd, Frederick, OK, 73542 in Frederick is a solid income-producing rental, 11.57% gross yield, $1,157/mo rent, $390/mo net cash flow on a $120,000 buy. DSCR 2.14 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $33,154 and $1,105/yr in principal reduction project a total cumulative return of $70,713.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 6.2% |
| Monthly Cash Flow | $390 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,157 |
| Total Monthly Debt Service | $719 |
| DSCR Ratio | 1.61x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73542, Frederick, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,235 (100%) |
| Owner Occupied HU | 1,203 (53.8%) |
| Renter Occupied HU | 377 (16.9%) |
| Vacant Housing Units | 655 (29.3%) |
| Median Home Value | $71,625 |
| Average Home Value | $115,368 |
Housing Distribution
Address Breakdown
Residential
1,675
Single Family
1,638
Multi-Family
37
Businesses
199
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73542, Frederick, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,235 (100%) |
| Owner Occupied HU | 1,203 (53.8%) |
| Renter Occupied HU | 377 (16.9%) |
| Vacant Housing Units | 655 (29.3%) |
| Median Home Value | $71,625 |
| Average Home Value | $115,368 |
Housing Distribution
Address Breakdown
Residential
1,675
Single Family
1,638
Multi-Family
37
Businesses
199
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices