616 P St NWMiamiOK74354
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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 Miami at 616 P St NW, Miami, OK, 74354 priced at $172,000 converts $1,080/mo rent into after a $842/mo obligation. Total monthly income equals $1,080/mo. Return on cash invested prints 19.52% in year one, and rental yield reads 7.53% against a $172,000 entry. Equity gained on principal adds $1,110/yr, while 5% annual appreciation compiles into $47,520 by year five. Five-year ROI reaches 101.04% and total cumulative return in cash sums $57,613. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,080/mo property income covering a $842/mo payment, not borrower’s personal income.
Single Family
Built in 1967
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74354, Miami, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,672 (100%) |
| Owner Occupied HU | 4,121 (53.7%) |
| Renter Occupied HU | 2,559 (33.4%) |
| Vacant Housing Units | 992 (12.9%) |
| Median Home Value | $129,991 |
| Average Home Value | $167,701 |
Housing Distribution
Address Breakdown
Residential
7,297
Single Family
6,915
Multi-Family
382
Businesses
674
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Listed by: Pamala Waltz • Solid Rock REALTORS - Miami
Mls Name: Northeast Oklahoma BOR
Mls ID: #25-961
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.