1038 E Walnut StAltusOK73521
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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 Altus at 1038 E Walnut St, Altus, OK, 73521 uses $38,123 cash to close to unlock $318/yr annual cash flow and $26/mo monthly cash flow. Total monthly income runs $761/mo, and a $563/mo payment keeps the spread at $26/mo. Purchase price stands at $115,000, and rental yield measures 7.94% with $761/mo rent. Return on cash invested shows 20.74% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 107.65% and total cumulative return in cash records $41,037. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $761/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1970
6,577 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73521, Altus, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,953 (100%) |
| Owner Occupied HU | 4,554 (45.8%) |
| Renter Occupied HU | 3,594 (36.1%) |
| Vacant Housing Units | 1,805 (18.1%) |
| Median Home Value | $169,914 |
| Average Home Value | $192,760 |
Housing Distribution
Address Breakdown
Residential
8,721
Single Family
8,384
Multi-Family
337
Businesses
612
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