304 E Detroit AvePonca CityOK74601
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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 Ponca City at 304 E Detroit Ave, Ponca City, OK, 74601 priced at $112,000 pairs $1,000/mo rent with $285/mo cash flow after a $548/mo payment. Total monthly income equals $1,000/mo, and annual cash flow comes to $3,419/yr on $37,128 invested. Return on cash invested is 29.12% in year one, and rental yield stands at 10.71% on a $112,000 basis. Equity gained on principal adds $723/yr, and 5% annual appreciation accumulates to $30,944 by year five. Five-year ROI measures 152.5% and total cumulative return in cash reaches $56,619. For financing, Ziffy Mortgage’s DSCR program evaluates $1,000/mo property income against a $548/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1946
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74601, Ponca City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,925 (100%) |
| Owner Occupied HU | 4,136 (46.3%) |
| Renter Occupied HU | 3,165 (35.5%) |
| Vacant Housing Units | 1,624 (18.2%) |
| Median Home Value | $95,506 |
| Average Home Value | $124,651 |
Housing Distribution
Address Breakdown
Residential
8,039
Single Family
7,901
Multi-Family
138
Businesses
949
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Listed by: Marcie Howey • The Ponca City Real Estate Company
Mls Name: North Central BOR (OK)
Mls ID: #40764