984 RidgepointFort TowsonOK74735
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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 Fort Towson at 984 Ridgepoint, Fort Towson, OK, 74735 generates $1,531/mo in rent, after a $1,468/mo payment. Total monthly income is $1,531/mo. Return on cash invested sits at 15.27% in year one, and rental yield is 6.13% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 78.23% and total cumulative return in cash sums $77,776. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,531/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
1.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74735, Fort Towson, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 981 (100%) |
| Owner Occupied HU | 591 (60.2%) |
| Renter Occupied HU | 182 (18.6%) |
| Vacant Housing Units | 208 (21.2%) |
| Median Home Value | $164,549 |
| Average Home Value | $232,145 |
Housing Distribution
Address Breakdown
Residential
640
Single Family
640
Multi-Family
0
Businesses
43
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Listed by: Anitra Babcock • Babcock Real Estate
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2521704
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.