1718 E Locust AveEnidOK73701
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
Investment property for sale in Enid at 1718 E Locust Ave, Enid, OK, 73701 offers a 9.04% rental yield on a $103,500 purchase with $780/mo rent. Total monthly income registers $780/mo, and a $507/mo payment leaves $119/mo available for distribution. Annual cash flow reaches $1,423/yr on $34,310 to close, and return on cash invested stands at 24.06% in year one. Equity gained on principal adds $668/yr while 5% annual appreciation supports $28,595 over five years. Portfolio math shows five-year ROI at 125.42% and total cumulative return in cash at $43,031. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $780/mo property income against a $507/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73701, Enid, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,715 (100%) |
| Owner Occupied HU | 4,961 (46.3%) |
| Renter Occupied HU | 3,828 (35.7%) |
| Vacant Housing Units | 1,926 (18.0%) |
| Median Home Value | $107,903 |
| Average Home Value | $146,343 |
Housing Distribution
Address Breakdown
Residential
9,313
Single Family
9,148
Multi-Family
165
Businesses
993
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices