602 W Elm StEl RenoOK73036
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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 El Reno at 602 W Elm St, El Reno, OK, 73036 with 5% annual appreciation on a $153,000 basis while $1,519/mo rent supports operations. Total monthly income totals $1,519/mo and a $749/mo payment preserves $542/mo for cash returns. Annual cash flow comes to $6,501/yr on $50,720 deployed, and return on cash invested reaches 32.73% in year one. Equity gained on principal adds $987/yr, and five-year appreciation sums $42,271 alongside rental yield of 11.91%. Five-year ROI measures 171.84% and total cumulative return in cash totals $87,156.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,519/mo property income versus a $749/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1948
5,475 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73036, El Reno, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,212 (100%) |
| Owner Occupied HU | 4,572 (55.7%) |
| Renter Occupied HU | 2,701 (32.9%) |
| Vacant Housing Units | 939 (11.4%) |
| Median Home Value | $244,352 |
| Average Home Value | $269,174 |
Housing Distribution
Address Breakdown
Residential
7,977
Single Family
7,307
Multi-Family
670
Businesses
933
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