1414 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
Rental property for sale in Elgin at 1414 Limestone Way, Elgin, OK, 73538 generates $2,326/mo in rent and, after a $1,346/mo payment, leaves $570/mo in cash flow. Total monthly income is $2,326/mo, and annual cash flow is $6,837/yr on $91,163 invested. Return on cash invested sits at 27.41% in year one, and rental yield is 10.15% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 143.32% and total cumulative return in cash sums $130,655. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,326/mo property income rather than buyer’s personal income.
Single Family
Built in 2012
9,535 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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