1309 Ponca AveEnidOK73703
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1309 Ponca Ave, Enid, OK, 73703 in Enid: $1,855/mo in rent, $928/mo net, 15.85% gross yield, all on a $140,500 acquisition. The 2.94 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $38,818 in value, and $1,294/yr in principal paydown steadily builds equity. Projected total cumulative return: $113,253.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.9% | 8.0% |
| Monthly Cash Flow | $928 | $200 |
City averages based on Enid market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,855 |
| Total Monthly Debt Service | $871 |
| DSCR Ratio | 2.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
7,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73703, Enid, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,869 (100%) |
| Owner Occupied HU | 7,969 (57.5%) |
| Renter Occupied HU | 4,384 (31.6%) |
| Vacant Housing Units | 1,516 (10.9%) |
| Median Home Value | $205,328 |
| Average Home Value | $250,112 |
Housing Distribution
Address Breakdown
Residential
13,236
Single Family
11,734
Multi-Family
1,502
Businesses
789
Nearby investment properties with comparable rents
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
Single Family
Built in 1960
7,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73703, Enid, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,869 (100%) |
| Owner Occupied HU | 7,969 (57.5%) |
| Renter Occupied HU | 4,384 (31.6%) |
| Vacant Housing Units | 1,516 (10.9%) |
| Median Home Value | $205,328 |
| Average Home Value | $250,112 |
Housing Distribution
Address Breakdown
Residential
13,236
Single Family
11,734
Multi-Family
1,502
Businesses
789
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
