718 N Elm StMiamiOK74354
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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 Miami at 718 N Elm St, Miami, OK, 74354 priced at $179,500 converts $1,418/mo rent into $271/mo cash flow after a $879/mo obligation. Total monthly income equals $1,418/mo, and annual cash flow totals $3,255/yr on $59,504 invested. Return on cash invested prints 25.38% in year one, and rental yield reads 9.48% against a $179,500 entry. Equity gained on principal adds $1,158/yr, while 5% annual appreciation compiles into $49,593 by year five. Five-year ROI reaches 132.5% and total cumulative return in cash sums $78,844. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,418/mo property income covering a $879/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74354, Miami, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,672 (100%) |
| Owner Occupied HU | 4,121 (53.7%) |
| Renter Occupied HU | 2,559 (33.4%) |
| Vacant Housing Units | 992 (12.9%) |
| Median Home Value | $129,991 |
| Average Home Value | $167,701 |
Housing Distribution
Address Breakdown
Residential
7,297
Single Family
6,915
Multi-Family
382
Businesses
674
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