1612 NE White Rock DrElginOK73538
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 Elgin at 1612 NE White Rock Dr, Elgin, OK, 73538 priced at $285,000 pairs $2,378/mo rent with $558/mo cash flow after a $1,395/mo payment. Total monthly income equals $2,378/mo, and annual cash flow comes to $6,694/yr on $94,478 invested. Return on cash invested is 26.99% in year one, and rental yield stands at 10.01% on a $285,000 basis. Equity gained on principal adds $1,839/yr, and 5% annual appreciation accumulates to $78,740 by year five. Five-year ROI measures 141.09% and total cumulative return in cash reaches $133,302. For financing, Ziffy Mortgage’s DSCR program evaluates $2,378/mo property income against a $1,395/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2019
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julie Bridges • RE/MAX PROFESSIONALS
Mls Name: Lawton BOR
Mls ID: #168305
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.