1401 N Elm StOwassoOK74055
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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 Owasso at 1401 N Elm St, Owasso, OK, 74055 uses $64,643 cash to close to unlock $2,845/yr annual cash flow and $237/mo monthly cash flow. Total monthly income runs $1,482/mo, and a $954/mo payment keeps the spread at $237/mo. Purchase price stands at $195,000, and rental yield measures 9.12% with $1,482/mo rent. Return on cash invested shows 24.31% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 126.79% and total cumulative return in cash records $81,958. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,482/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74055, Owasso, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,078 (100%) |
| Owner Occupied HU | 13,428 (66.9%) |
| Renter Occupied HU | 5,822 (29.0%) |
| Vacant Housing Units | 828 ( 4.1%) |
| Median Home Value | $290,089 |
| Average Home Value | $347,977 |
Housing Distribution
Address Breakdown
Residential
19,692
Single Family
17,527
Multi-Family
2,165
Businesses
1,615
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Listed by: Jesston Bruner • REAL Brokers LLC.
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2509585
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.