970388 S 3290th RdLutherOK73054
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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
Investment property for sale in Luther at 970388 S 3290th Rd, Luther, OK, 73054 offers a 10.13% rental yield on a $199,000 purchase with $1,680/mo rent. Total monthly income registers $1,680/mo, and a $974/mo payment leaves $409/mo available for distribution. Annual cash flow reaches $4,910/yr on $65,969 to close, and return on cash invested stands at 27.35% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 143.1% and total cumulative return in cash at $94,398. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,680/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2025
2.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73054, Luther, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,971 (100%) |
| Owner Occupied HU | 1,497 (76.0%) |
| Renter Occupied HU | 293 (14.9%) |
| Vacant Housing Units | 181 ( 9.2%) |
| Median Home Value | $263,957 |
| Average Home Value | $340,050 |
Housing Distribution
Address Breakdown
Residential
1,711
Single Family
1,711
Multi-Family
0
Businesses
92
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