840 E Elgin PlBroken ArrowOK74012
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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 Broken Arrow at 840 E Elgin Pl, Broken Arrow, OK, 74012 priced at $155,000 converts $1,147/mo rent into $157/mo cash flow after a $759/mo obligation. Total monthly income equals $1,147/mo, and annual cash flow totals $1,881/yr on $51,383 invested. Return on cash invested prints 23.57% in year one, and rental yield reads 8.88% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 122.76% and total cumulative return in cash sums $63,076. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,147/mo property income covering a $759/mo payment, not borrower’s personal income.
Single Family
Built in 1945
8,145 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74012, Broken Arrow, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,059 (100%) |
| Owner Occupied HU | 16,417 (63.0%) |
| Renter Occupied HU | 8,433 (32.4%) |
| Vacant Housing Units | 1,209 ( 4.6%) |
| Median Home Value | $258,982 |
| Average Home Value | $283,624 |
Housing Distribution
Address Breakdown
Residential
25,945
Single Family
23,399
Multi-Family
2,546
Businesses
2,147
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