6 Misty Morning LnElginOK73538
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 6 Misty Morning Ln, Elgin, OK, 73538 in Elgin speaks for itself: 10.99% gross on a $265,000 price, generating $2,426/mo in rent and $702/mo in net income after the $1,192/mo debt service. DSCR 2.04, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,427 stacks alongside $73,215 in projected five-year appreciation and $2,441/yr in principal reduction. Projected total cumulative return: $145,999.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 6.2% |
| Monthly Cash Flow | $702 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,426 |
| Total Monthly Debt Service | $1,619 |
| DSCR Ratio | 1.50x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2017
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73538, Elgin, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,851 (100%) |
| Owner Occupied HU | 1,943 (68.2%) |
| Renter Occupied HU | 622 (21.8%) |
| Vacant Housing Units | 286 (10.0%) |
| Median Home Value | $249,138 |
| Average Home Value | $265,631 |
Housing Distribution
Address Breakdown
Residential
2,586
Single Family
2,567
Multi-Family
19
Businesses
168
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2017
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73538, Elgin, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,851 (100%) |
| Owner Occupied HU | 1,943 (68.2%) |
| Renter Occupied HU | 622 (21.8%) |
| Vacant Housing Units | 286 (10.0%) |
| Median Home Value | $249,138 |
| Average Home Value | $265,631 |
Housing Distribution
Address Breakdown
Residential
2,586
Single Family
2,567
Multi-Family
19
Businesses
168
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JULIE BRIDGES • RE/MAX PROFESSIONALS
Mls Name: Lawton BOR
Mls ID: #169032
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.