616 S Columbus StSpiroOK74959
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Spiro at 616 S Columbus St, Spiro, OK, 74959 offers $1,435/mo rent that, after a $753/mo payment, leaves $452/mo cash flow. Total monthly income is $1,435/mo, and annual cash flow is $5,429/yr on $51,018 cash. Return on cash invested measures 30.55% in year one, and rental yield stands at 11.19% at a $153,900 entry. Equity gained on principal adds $993/yr while 5% annual appreciation compounds into $42,520 by year five. Five-year ROI records 160.22% and total cumulative return in cash reaches $81,738. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,435/mo property income versus a $753/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74959, Spiro, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,892 (100%) |
| Owner Occupied HU | 1,841 (63.7%) |
| Renter Occupied HU | 719 (24.9%) |
| Vacant Housing Units | 332 (11.5%) |
| Median Home Value | $132,267 |
| Average Home Value | $175,794 |
Housing Distribution
Address Breakdown
Residential
2,727
Single Family
2,661
Multi-Family
66
Businesses
174
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