7040 N Scissortail CtOwassoOK74055
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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 Owasso at 7040 N Scissortail Ct, Owasso, OK, 74055 generates $8,983/mo in rent and, after a $6,358/mo payment, leaves $606/mo in cash flow. Total monthly income is $8,983/mo, and annual cash flow is $7,273/yr on $420,876 invested. Return on cash invested sits at 22.1% in year one, and rental yield is 8.3% on a $1,299,000 entry. Equity gained on principal adds $8,382/yr, while 5% annual appreciation builds toward $358,890 over five years. Five-year ROI reaches 114.84% and total cumulative return in cash sums $483,325. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,983/mo property income rather than buyer’s personal income.
Single Family
Built in 2014
1.23 Acres lot
$N/A/sqft
$975 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74055, Owasso, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,078 (100%) |
| Owner Occupied HU | 13,428 (66.9%) |
| Renter Occupied HU | 5,822 (29.0%) |
| Vacant Housing Units | 828 ( 4.1%) |
| Median Home Value | $290,089 |
| Average Home Value | $347,977 |
Housing Distribution
Address Breakdown
Residential
19,692
Single Family
17,527
Multi-Family
2,165
Businesses
1,615
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Listed by: Kendra Hendren • Renaissance Realty
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2424463
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.