1604 Burgundy DrEl RenoOK73036
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 El Reno at 1604 Burgundy Dr, El Reno, OK, 73036 priced at $294,900 converts $2,600/mo rent into $643/mo cash flow after a $1,443/mo obligation. Total monthly income equals $2,600/mo, and annual cash flow totals $7,718/yr on $97,759 invested. Return on cash invested prints 27.8% in year one, and rental yield reads 10.58% against a $294,900 entry. Equity gained on principal adds $1,903/yr, while 5% annual appreciation compiles into $81,475 by year five. Five-year ROI reaches 145.81% and total cumulative return in cash sums $142,543. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,600/mo property income covering a $1,443/mo payment, not borrower’s personal income.
Single Family
Built in 2021
6,002 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73036, El Reno, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,212 (100%) |
| Owner Occupied HU | 4,572 (55.7%) |
| Renter Occupied HU | 2,701 (32.9%) |
| Vacant Housing Units | 939 (11.4%) |
| Median Home Value | $244,352 |
| Average Home Value | $269,174 |
Housing Distribution
Address Breakdown
Residential
7,977
Single Family
7,307
Multi-Family
670
Businesses
933
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Listed by: Lynsey Nunez • Chamberlain Realty LLC
Mls Name: MLSOK/OKCMAR
Mls Provider:
Mls ID: #1158803
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