29099 Us Highway 281AlvaOK73717
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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 Alva at 29099 Us Highway 281, Alva, OK, 73717 offers a 9.36% rental yield on a $349,900 purchase with $2,728/mo rent. Total monthly income registers $2,728/mo, and a $1,713/mo payment leaves $493/mo available for distribution. Annual cash flow reaches $5,917/yr on $115,992 to close, and return on cash invested stands at 25.01% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 130.48% and total cumulative return in cash at $151,350. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,728/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
10.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73717, Alva, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,216 (100%) |
| Owner Occupied HU | 1,545 (48.0%) |
| Renter Occupied HU | 975 (30.3%) |
| Vacant Housing Units | 696 (21.6%) |
| Median Home Value | $169,417 |
| Average Home Value | $213,518 |
Housing Distribution
Address Breakdown
Residential
2,826
Single Family
2,723
Multi-Family
103
Businesses
421
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