701 N. Park LaneAltusOK73521
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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 Altus at 701 N. Park Lane, Altus, OK, 73521 priced at $250,000 pairs $1,237/mo rent with after a $1,224/mo payment. Total monthly income equals $1,237/mo. Return on cash invested is 14.7% in year one, and rental yield stands at 5.94% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 75.19% and total cumulative return in cash reaches $62,314. For financing, Ziffy Mortgage’s DSCR program evaluates $1,237/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1965
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73521, Altus, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,953 (100%) |
| Owner Occupied HU | 4,554 (45.8%) |
| Renter Occupied HU | 3,594 (36.1%) |
| Vacant Housing Units | 1,805 (18.1%) |
| Median Home Value | $169,914 |
| Average Home Value | $192,760 |
Housing Distribution
Address Breakdown
Residential
8,721
Single Family
8,384
Multi-Family
337
Businesses
612
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