1608 Spruce StAlvaOK73717
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 Alva at 1608 Spruce St, Alva, OK, 73717 priced at $158,000 converts $1,091/mo rent into $82/mo cash flow after a $773/mo obligation. Total monthly income equals $1,091/mo, and annual cash flow totals $988/yr on $52,377 invested. Return on cash invested prints 21.8% in year one, and rental yield reads 8.29% against a $158,000 entry. Equity gained on principal adds $1,020/yr, while 5% annual appreciation compiles into $43,652 by year five. Five-year ROI reaches 113.29% and total cumulative return in cash sums $59,338. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,091/mo property income covering a $773/mo payment, not borrower’s personal income.
Single Family
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73717, Alva, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,216 (100%) |
| Owner Occupied HU | 1,545 (48.0%) |
| Renter Occupied HU | 975 (30.3%) |
| Vacant Housing Units | 696 (21.6%) |
| Median Home Value | $169,417 |
| Average Home Value | $213,518 |
Housing Distribution
Address Breakdown
Residential
2,826
Single Family
2,723
Multi-Family
103
Businesses
421
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices