623 N 4th StMorrisOK74445
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
Investment property for sale in Morris at 623 N 4th St, Morris, OK, 74445 uses $48,068 cash to close to unlock $2,241/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $1,113/mo, and a $710/mo payment keeps the spread at $187/mo. Purchase price stands at $145,000, and rental yield measures 9.21% with $1,113/mo rent. Return on cash invested shows 24.57% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 128.11% and total cumulative return in cash records $61,580. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,113/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1985
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74445, Morris, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,172 (100%) |
| Owner Occupied HU | 757 (64.6%) |
| Renter Occupied HU | 261 (22.3%) |
| Vacant Housing Units | 154 (13.1%) |
| Median Home Value | $190,923 |
| Average Home Value | $217,087 |
Housing Distribution
Address Breakdown
Residential
1,180
Single Family
1,180
Multi-Family
0
Businesses
95
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices