997 W Lakeshore DrClevelandOK74020
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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 Cleveland at 997 W Lakeshore Dr, Cleveland, OK, 74020 listed at $788,800 pairs $6,625/mo rent with a $3,861/mo payment to leave $1,557/mo cash flow. Total monthly income runs $6,625/mo, and annual cash flow reaches $18,683/yr on $259,515 cash to close. Return on cash invested measures 27.26% in year one, and rental yield registers 10.08% at a $788,800 basis. Equity gained on principal adds $5,090/yr, and annual property appreciation at 5% supports $217,931 by year five. Five-year ROI tracks 142.53% and total cumulative return in cash totals $369,883. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,625/mo property income relative to a $3,861/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
1.05 Acres lot
$N/A/sqft
$365 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74020, Cleveland, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,677 (100%) |
| Owner Occupied HU | 2,283 (62.1%) |
| Renter Occupied HU | 834 (22.7%) |
| Vacant Housing Units | 560 (15.2%) |
| Median Home Value | $155,013 |
| Average Home Value | $188,454 |
Housing Distribution
Address Breakdown
Residential
2,918
Single Family
2,863
Multi-Family
55
Businesses
288
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Listed by: Pamela Chyba • ListWithFreedom.com
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2512723
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.