615 W 8th StChelseaOK74016
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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 Chelsea at 615 W 8th St, Chelsea, OK, 74016 earns $338/mo cash flow from $1,200/mo rent with a $661/mo payment. Total monthly income totals $1,200/mo, and annual cash flow totals $4,051/yr on $44,753 capital. ROI tracks 28.96% on current figures, and rental yield reads 10.67% at a $135,000 purchase. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 over five years. Five-year ROI reaches 151.66% and total cumulative return in cash sums $67,873. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,200/mo property income instead of your personal income.
Single Family
Built in 1940
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74016, Chelsea, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,729 (100%) |
| Owner Occupied HU | 1,772 (64.9%) |
| Renter Occupied HU | 664 (24.3%) |
| Vacant Housing Units | 293 (10.7%) |
| Median Home Value | $213,781 |
| Average Home Value | $248,220 |
Housing Distribution
Address Breakdown
Residential
2,413
Single Family
2,402
Multi-Family
11
Businesses
141
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Listed by: Addam Edwards • Solid Rock, REALTORS
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2511369
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.