1206 Alma DrElginOK73538
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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 Elgin at 1206 Alma Dr, Elgin, OK, 73538 at $285,000 posts ROI 26.91% with $551/mo cash flow from $2,371/mo rent. Total monthly income equals $2,371/mo, and annual cash flow records $6,610/yr on $94,478 to close. Return on cash invested measures 26.91% and rental yield reads 9.98% at the current $285,000. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 by year five. Five-year ROI prints 140.62% and total cumulative return in cash totals $132,858.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,371/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2009
10,800 sqft 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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Listed by: Tasha Knight • ELGIN REALTY
Mls Name: Lawton BOR
Mls ID: #168549
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.