62 Jolene Reid RdMeadOK73449
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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 Mead at 62 Jolene Reid Rd, Mead, OK, 73449 offers a 8.03% rental yield on a $249,999 purchase with $1,673/mo rent. Total monthly income registers $1,673/mo, and a $1,224/mo payment leaves $76/mo available for distribution. Annual cash flow reaches $913/yr on $82,875 to close, and return on cash invested stands at 21.01% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 109.07% and total cumulative return in cash at $90,394. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,673/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
3,005 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73449, Mead, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,857 (100%) |
| Owner Occupied HU | 1,050 (56.5%) |
| Renter Occupied HU | 336 (18.1%) |
| Vacant Housing Units | 471 (25.4%) |
| Median Home Value | $181,786 |
| Average Home Value | $236,955 |
Housing Distribution
Address Breakdown
Residential
1,407
Single Family
1,407
Multi-Family
0
Businesses
53
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Listed by: Spencer McDuffy • eXp Realty, LLC
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2537313
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.