310 Ellis LnElk CityOK73644
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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 Elk City at 310 Ellis Ln, Elk City, OK, 73644 priced at $205,000 converts $1,704/mo rent into $395/mo cash flow after a $1,003/mo obligation. Total monthly income equals $1,704/mo, and annual cash flow totals $4,743/yr on $67,958 invested. Return on cash invested prints 26.89% in year one, and rental yield reads 9.97% against a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation compiles into $56,638 by year five. Five-year ROI reaches 140.57% and total cumulative return in cash sums $95,526. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,704/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Single Family
Built in 1977
9,757 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73644, Elk City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,080 (100%) |
| Owner Occupied HU | 3,631 (51.3%) |
| Renter Occupied HU | 1,942 (27.4%) |
| Vacant Housing Units | 1,507 (21.3%) |
| Median Home Value | $198,561 |
| Average Home Value | $267,652 |
Housing Distribution
Address Breakdown
Residential
5,538
Single Family
5,282
Multi-Family
256
Businesses
590
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