1309 Ponca AveEnidOK73703
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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
Rental property for sale in Enid at 1309 Ponca Ave, Enid, OK, 73703 priced at $140,500 converts $1,855/mo rent into $927/mo cash flow after a $688/mo obligation. Total monthly income equals $1,855/mo, and annual cash flow totals $11,128/yr on $46,576 invested. Return on cash invested prints 43.8% in year one, and rental yield reads 15.84% against a $140,500 entry. Equity gained on principal adds $907/yr, while 5% annual appreciation compiles into $38,818 by year five. Five-year ROI reaches 231.6% and total cumulative return in cash sums $107,867. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,855/mo property income covering a $688/mo payment, not borrower’s personal income.
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
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