620 NE 2nd AveDurantOK74701
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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 Durant at 620 NE 2nd Ave, Durant, OK, 74701 priced at $115,000 converts $1,090/mo rent into $355/mo cash flow after a $563/mo obligation. Total monthly income equals $1,090/mo, and annual cash flow totals $4,266/yr on $38,123 invested. Return on cash invested prints 31.1% in year one, and rental yield reads 11.37% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 163.2% and total cumulative return in cash sums $62,217. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,090/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1945
8,755 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74701, Durant, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,591 (100%) |
| Owner Occupied HU | 5,635 (48.6%) |
| Renter Occupied HU | 4,921 (42.5%) |
| Vacant Housing Units | 1,035 ( 8.9%) |
| Median Home Value | $209,019 |
| Average Home Value | $243,684 |
Housing Distribution
Address Breakdown
Residential
11,179
Single Family
10,611
Multi-Family
568
Businesses
1,001
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Listed by: Bart Granger • Sparlin Realty
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2517707
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.