1001 Norris AveBroken BowOK74728
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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 Broken Bow at 1001 Norris Ave, Broken Bow, OK, 74728 generates $1,600/mo in rent and, after a $1,150/mo payment, leaves $99/mo in cash flow. Total monthly income is $1,600/mo, and annual cash flow is $1,194/yr on $77,903 invested. Return on cash invested sits at 21.44% in year one, and rental yield is 8.17% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 111.34% and total cumulative return in cash sums $86,740. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,600/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74728, Broken Bow, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,160 (100%) |
| Owner Occupied HU | 3,032 (58.8%) |
| Renter Occupied HU | 1,384 (26.8%) |
| Vacant Housing Units | 744 (14.4%) |
| Median Home Value | $171,387 |
| Average Home Value | $233,630 |
Housing Distribution
Address Breakdown
Residential
4,574
Single Family
4,478
Multi-Family
96
Businesses
505
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Listed by: Debra Elliott • ABW Edmond Inc (BO)
Mls Name: MLSOK/OKCMAR
Mls ID: #1178327