622 N Boone 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 622 N Boone Ave, Elk City, OK, 73644 listed at $119,900 pairs $601/mo rent with a $587/mo payment. Total monthly income runs $601/mo. Return on cash invested measures 14.93% in year one, and rental yield registers 6.02% at a $119,900 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,126 by year five. Five-year ROI tracks 76.53% and total cumulative return in cash totals $30,420. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $601/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1935
3,598 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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