609 S Alabama AveOkmulgeeOK74447
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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 Okmulgee at 609 S Alabama Ave, Okmulgee, OK, 74447 priced at $119,900 converts $936/mo rent into $170/mo cash flow after a $587/mo obligation. Total monthly income equals $936/mo, and annual cash flow totals $2,042/yr on $39,747 invested. Return on cash invested prints 25.05% in year one, and rental yield reads 9.37% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 130.79% and total cumulative return in cash sums $51,984. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $936/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1903
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74447, Okmulgee, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,298 (100%) |
| Owner Occupied HU | 3,719 (51.0%) |
| Renter Occupied HU | 2,384 (32.7%) |
| Vacant Housing Units | 1,195 (16.4%) |
| Median Home Value | $115,382 |
| Average Home Value | $158,184 |
Housing Distribution
Address Breakdown
Residential
6,692
Single Family
6,177
Multi-Family
515
Businesses
717
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