1006 Lera LnElk CityOK73644
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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 Elk City at 1006 Lera Ln, Elk City, OK, 73644 offers a 8.6% rental yield on a $299,000 purchase with $2,143/mo rent. Total monthly income registers $2,143/mo, and a $1,463/mo payment leaves $234/mo available for distribution. Annual cash flow reaches $2,808/yr on $99,119 to close, and return on cash invested stands at 22.74% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 118.28% and total cumulative return in cash at $117,238. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,143/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73644, Elk City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,080 (100%) |
| Owner Occupied HU | 3,631 (51.3%) |
| Renter Occupied HU | 1,942 (27.4%) |
| Vacant Housing Units | 1,507 (21.3%) |
| Median Home Value | $198,561 |
| Average Home Value | $267,652 |
Housing Distribution
Address Breakdown
Residential
5,538
Single Family
5,282
Multi-Family
256
Businesses
590
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