421 N Otis AveElk 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
Investment property for sale in Elk City at 421 N Otis Ave, Elk City, OK, 73644 uses $52,709 cash to close to unlock $2,674/yr annual cash flow and $223/mo monthly cash flow. Total monthly income runs $1,238/mo, and a $778/mo payment keeps the spread at $223/mo. Purchase price stands at $159,000, and rental yield measures 9.34% with $1,238/mo rent. Return on cash invested shows 24.98% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 130.32% and total cumulative return in cash records $68,688. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,238/mo property income covering a $778/mo payment rather than investor’s personal income.
Single Family
Built in 1975
10,497 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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