12811 Ridge RdElginOK73538
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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 Elgin at 12811 Ridge Rd, Elgin, OK, 73538 uses $109,362 cash to close to unlock $8,747/yr annual cash flow and $729/mo monthly cash flow. Total monthly income runs $2,836/mo, and a $1,615/mo payment keeps the spread at $729/mo. Purchase price stands at $329,900, and rental yield measures 10.32% with $2,836/mo rent. Return on cash invested shows 27.91% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 145.97% and total cumulative return in cash records $159,639. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,836/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 2022
0.54 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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