2402 E Randolph Ave #2404-EEnidOK73701
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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 2402 E Randolph Ave #2404-E, Enid, OK, 73701 generates $900/mo in rent and, after a $562/mo payment, leaves $167/mo in cash flow. Total monthly income is $900/mo, and annual cash flow is $1,999/yr on $38,089 invested. Return on cash invested sits at 25.16% in year one, and rental yield is 9.4% on a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 131.29% and total cumulative return in cash sums $50,006. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $900/mo property income rather than buyer’s personal income.
Multi Family
Built in 1928
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
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