1323 W 2nd StElk CityOK73644
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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 Elk City at 1323 W 2nd St, Elk City, OK, 73644 generates $1,346/mo in rent and, after a $758/mo payment, leaves $357/mo in cash flow. Total monthly income is $1,346/mo, and annual cash flow is $4,283/yr on $51,349 invested. Return on cash invested sits at 28.25% in year one, and rental yield is 10.43% on a $154,900 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 147.83% and total cumulative return in cash sums $75,908. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,346/mo property income rather than buyer’s personal income.
Single Family
Built in 1935
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73644, Elk City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,080 (100%) |
| Owner Occupied HU | 3,631 (51.3%) |
| Renter Occupied HU | 1,942 (27.4%) |
| Vacant Housing Units | 1,507 (21.3%) |
| Median Home Value | $198,561 |
| Average Home Value | $267,652 |
Housing Distribution
Address Breakdown
Residential
5,538
Single Family
5,282
Multi-Family
256
Businesses
590
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