101 Pond VwElginOK73538
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Elgin at 101 Pond Vw, Elgin, OK, 73538 offers $1,064/mo rent that, after a $685/mo payment, leaves $170/mo cash flow. Total monthly income is $1,064/mo, and annual cash flow is $2,042/yr on $46,410 cash. Return on cash invested measures 24.31% in year one, and rental yield stands at 9.12% at a $140,000 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,679 by year five. Five-year ROI records 126.8% and total cumulative return in cash reaches $58,846. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,064/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2022
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73538, Elgin, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,851 (100%) |
| Owner Occupied HU | 1,943 (68.2%) |
| Renter Occupied HU | 622 (21.8%) |
| Vacant Housing Units | 286 (10.0%) |
| Median Home Value | $249,138 |
| Average Home Value | $265,631 |
Housing Distribution
Address Breakdown
Residential
2,586
Single Family
2,567
Multi-Family
19
Businesses
168
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