420 E Elm StSkiatookOK74070
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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 Skiatook at 420 E Elm St, Skiatook, OK, 74070 offers $1,112/mo rent that, after a $685/mo payment, leaves $218/mo cash flow. Total monthly income is $1,112/mo, and annual cash flow is $2,618/yr on $46,410 cash. Return on cash invested measures 25.55% in year one, and rental yield stands at 9.53% at a $140,000 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,679 by year five. Five-year ROI records 133.44% and total cumulative return in cash reaches $61,930. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,112/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
6,403 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74070, Skiatook, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,349 (100%) |
| Owner Occupied HU | 4,488 (70.7%) |
| Renter Occupied HU | 1,392 (21.9%) |
| Vacant Housing Units | 469 ( 7.4%) |
| Median Home Value | $244,956 |
| Average Home Value | $273,890 |
Housing Distribution
Address Breakdown
Residential
6,098
Single Family
5,943
Multi-Family
155
Businesses
480
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Listed by: Ashley Legg • Keller Williams Preferred
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2530956
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.