1016 2nd StAlvaOK73717
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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
Investment property for sale in Alva at 1016 2nd St, Alva, OK, 73717 uses $62,371 cash to close to unlock $5,020/yr annual cash flow and $418/mo monthly cash flow. Total monthly income runs $1,620/mo, and a $921/mo payment keeps the spread at $418/mo. Purchase price stands at $188,149, and rental yield measures 10.33% with $1,620/mo rent. Return on cash invested shows 27.96% in year one, and 5% annual appreciation builds toward $51,982 over five years. Five-year ROI reaches 146.31% and total cumulative return in cash records $91,255. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,620/mo property income covering a $921/mo payment rather than investor’s personal income.
Single Family
Built in 1915
18,000 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73717, Alva, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,216 (100%) |
| Owner Occupied HU | 1,545 (48.0%) |
| Renter Occupied HU | 975 (30.3%) |
| Vacant Housing Units | 696 (21.6%) |
| Median Home Value | $169,417 |
| Average Home Value | $213,518 |
Housing Distribution
Address Breakdown
Residential
2,826
Single Family
2,723
Multi-Family
103
Businesses
421
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