2002 W Cherokee AveEnidOK73703
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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 Enid at 2002 W Cherokee Ave, Enid, OK, 73703 generates $1,663/mo in rent and, after a $954/mo payment, leaves $418/mo in cash flow. Total monthly income is $1,663/mo, and annual cash flow is $5,017/yr on $64,643 invested. Return on cash invested sits at 27.67% in year one, and rental yield is 10.23% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 144.77% and total cumulative return in cash sums $93,586. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,663/mo property income rather than buyer’s personal income.
Single Family
Built in 1932
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73703, Enid, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,869 (100%) |
| Owner Occupied HU | 7,969 (57.5%) |
| Renter Occupied HU | 4,384 (31.6%) |
| Vacant Housing Units | 1,516 (10.9%) |
| Median Home Value | $205,328 |
| Average Home Value | $250,112 |
Housing Distribution
Address Breakdown
Residential
13,236
Single Family
11,734
Multi-Family
1,502
Businesses
789
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