615 W Ironman AveNowataOK74048
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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 Nowata at 615 W Ironman Ave, Nowata, OK, 74048 uses $51,382 cash to close to unlock $357/yr annual cash flow and $30/mo monthly cash flow. Total monthly income runs $1,020/mo, and a $759/mo payment keeps the spread at $30/mo. Purchase price stands at $154,999, and rental yield measures 7.9% with $1,020/mo rent. Return on cash invested shows 20.6% in year one, and 5% annual appreciation builds toward $42,823 over five years. Five-year ROI reaches 106.85% and total cumulative return in cash records $54,903. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,020/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 1961
8,755 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74048, Nowata, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,537 (100%) |
| Owner Occupied HU | 1,514 (59.7%) |
| Renter Occupied HU | 672 (26.5%) |
| Vacant Housing Units | 351 (13.8%) |
| Median Home Value | $154,321 |
| Average Home Value | $211,367 |
Housing Distribution
Address Breakdown
Residential
2,560
Single Family
2,459
Multi-Family
101
Businesses
266
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