619 Park Place DrNewcastleOK73065
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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 Newcastle at 619 Park Place Dr, Newcastle, OK, 73065 with 5% annual appreciation on a $302,590 basis while $2,416/mo rent supports operations. Total monthly income totals $2,416/mo and a $1,481/mo payment preserves $484/mo for cash returns. Annual cash flow comes to $5,804/yr on $100,309 deployed, and return on cash invested reaches 25.69% in year one. Equity gained on principal adds $1,953/yr, and five-year appreciation sums $83,600 alongside rental yield of 9.58%. Five-year ROI measures 134.14% and total cumulative return in cash totals $134,553.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,416/mo property income versus a $1,481/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73065, Newcastle, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,437 (100%) |
| Owner Occupied HU | 3,363 (75.8%) |
| Renter Occupied HU | 862 (19.4%) |
| Vacant Housing Units | 212 ( 4.8%) |
| Median Home Value | $249,373 |
| Average Home Value | $302,021 |
Housing Distribution
Address Breakdown
Residential
4,816
Single Family
4,816
Multi-Family
0
Businesses
491
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