2003 Palmatum Rd #ELEl RenoOK73036
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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 El Reno at 2003 Palmatum Rd #EL, El Reno, OK, 73036 priced at $252,900 converts $1,537/mo rent into after a $1,238/mo obligation. Total monthly income equals $1,537/mo. Return on cash invested prints 18.55% in year one, and rental yield reads 7.29% against a $252,900 entry. Equity gained on principal adds $1,632/yr, while 5% annual appreciation compiles into $69,872 by year five. Five-year ROI reaches 95.95% and total cumulative return in cash sums $80,444. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,537/mo property income covering a $1,238/mo payment, not borrower’s personal income.
Single Family
Built in 2025
5,998 sqft lot
$N/A/sqft
$200 annually 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: Ronald Fulton • LGI Realty - Oklahoma, LLC
Mls Name: MLSOK/OKCMAR
Mls Provider:
Mls ID: #1162080
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