2908 Elgin StMuskogeeOK74401
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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
Investment property for sale in Muskogee at 2908 Elgin St, Muskogee, OK, 74401 uses $46,410 cash to close to unlock $74/yr annual cash flow and $6/mo monthly cash flow. Total monthly income runs $900/mo, and a $685/mo payment keeps the spread at $6/mo. Purchase price stands at $140,000, and rental yield measures 7.71% with $900/mo rent. Return on cash invested shows 20.07% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 104.04% and total cumulative return in cash records $48,286. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $900/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1940
6,751 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74401, Muskogee, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,704 (100%) |
| Owner Occupied HU | 3,409 (44.2%) |
| Renter Occupied HU | 3,131 (40.6%) |
| Vacant Housing Units | 1,164 (15.1%) |
| Median Home Value | $161,137 |
| Average Home Value | $195,312 |
Housing Distribution
Address Breakdown
Residential
6,981
Single Family
6,205
Multi-Family
776
Businesses
1,004
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