619 W Cherry StDrumrightOK74030
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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 Drumright at 619 W Cherry St, Drumright, OK, 74030 offers $1,776/mo rent that, after a $874/mo payment, leaves $616/mo cash flow. Total monthly income is $1,776/mo, and annual cash flow is $7,395/yr on $59,173 cash. Return on cash invested measures 32.41% in year one, and rental yield stands at 11.94% at a $178,500 entry. Equity gained on principal adds $1,152/yr while 5% annual appreciation compounds into $49,316 by year five. Five-year ROI records 170.31% and total cumulative return in cash reaches $100,778. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,776/mo property income versus a $874/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74030, Drumright, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,858 (100%) |
| Owner Occupied HU | 1,011 (54.4%) |
| Renter Occupied HU | 524 (28.2%) |
| Vacant Housing Units | 323 (17.4%) |
| Median Home Value | $134,896 |
| Average Home Value | $198,741 |
Housing Distribution
Address Breakdown
Residential
1,381
Single Family
1,308
Multi-Family
73
Businesses
199
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Listed by: Kerri Marks • Kerri Marks - Options Realty
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2536311
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.