711 N Steele AveCushingOK74023
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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 Cushing at 711 N Steele Ave, Cushing, OK, 74023 offers $1,244/mo rent that, after a $778/mo payment, leaves $229/mo cash flow. Total monthly income is $1,244/mo, and annual cash flow is $2,746/yr on $52,709 cash. Return on cash invested measures 25.12% in year one, and rental yield stands at 9.39% at a $159,000 entry. Equity gained on principal adds $1,026/yr while 5% annual appreciation compounds into $43,929 by year five. Five-year ROI records 131.07% and total cumulative return in cash reaches $69,084. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,244/mo property income versus a $778/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74023, Cushing, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,286 (100%) |
| Owner Occupied HU | 2,927 (55.4%) |
| Renter Occupied HU | 1,488 (28.1%) |
| Vacant Housing Units | 871 (16.5%) |
| Median Home Value | $180,256 |
| Average Home Value | $229,770 |
Housing Distribution
Address Breakdown
Residential
4,700
Single Family
4,600
Multi-Family
100
Businesses
561
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