1020 S Walnut AveErickOK73645
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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 Erick at 1020 S Walnut Ave, Erick, OK, 73645 offers a 0% rental yield on a $119,000 purchase with $0/mo rent. 19% in year one. Equity gained on principal adds $768/yr while 5% annual appreciation supports $32,878 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $582/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2000
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73645, Erick, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 730 (100%) |
| Owner Occupied HU | 422 (57.8%) |
| Renter Occupied HU | 156 (21.4%) |
| Vacant Housing Units | 152 (20.8%) |
| Median Home Value | $132,639 |
| Average Home Value | $158,098 |
Housing Distribution
Address Breakdown
Residential
228
Single Family
228
Multi-Family
0
Businesses
45
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No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Amber Aker • Moxy Realty
Mls Name: MLSOK/OKCMAR
Mls Provider:
Mls ID: #1171809
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