824 W Houston StOkemahOK74859
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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 Okemah at 824 W Houston St, Okemah, OK, 74859 priced at $129,000 converts $1,152/mo rent into $329/mo cash flow after a $631/mo obligation. Total monthly income equals $1,152/mo, and annual cash flow totals $3,943/yr on $42,764 invested. Return on cash invested prints 29.13% in year one, and rental yield reads 10.72% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 152.57% and total cumulative return in cash sums $65,245. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,152/mo property income covering a $631/mo payment, not borrower’s personal income.
Single Family
Built in 1975
1.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74859, Okemah, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,854 (100%) |
| Owner Occupied HU | 1,612 (56.5%) |
| Renter Occupied HU | 714 (25.0%) |
| Vacant Housing Units | 528 (18.5%) |
| Median Home Value | $134,127 |
| Average Home Value | $190,613 |
Housing Distribution
Address Breakdown
Residential
2,448
Single Family
2,400
Multi-Family
48
Businesses
300
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Listed by: Carl W Alls • Carl Alls Real Estate, LLC
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2518486
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.