610 N Locust StSeilingOK73663
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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 Seiling at 610 N Locust St, Seiling, OK, 73663 offers a 11.87% rental yield on a $120,000 purchase with $1,187/mo rent. Total monthly income registers $1,187/mo, and a $587/mo payment leaves $421/mo available for distribution. Annual cash flow reaches $5,052/yr on $39,780 to close, and return on cash invested stands at 32.61% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 171.21% and total cumulative return in cash at $68,107. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,187/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73663, Seiling, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 678 (100%) |
| Owner Occupied HU | 421 (62.1%) |
| Renter Occupied HU | 144 (21.2%) |
| Vacant Housing Units | 113 (16.7%) |
| Median Home Value | $160,969 |
| Average Home Value | $191,597 |
Housing Distribution
Address Breakdown
Residential
215
Single Family
215
Multi-Family
0
Businesses
89
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