1405 Limestone WayElginOK73538
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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 1405 Limestone Way, Elgin, OK, 73538 uses $82,875 cash to close to unlock $4,141/yr annual cash flow and $345/mo monthly cash flow. Total monthly income runs $1,942/mo, and a $1,224/mo payment keeps the spread at $345/mo. Purchase price stands at $250,000, and rental yield measures 9.32% with $1,942/mo rent. Return on cash invested shows 24.91% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 129.94% and total cumulative return in cash records $107,686. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,942/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 2001
6,000 sqft 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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