Market Conditions in Enid>Question Details

n_jackson333,  in Enid, OK

What is the most lucrative housing price range for long time rental property investors in Enid?

Asked by n_jackson333, Enid, OK Wed Apr 24, 2013

I'm looking to invest in rental properties in Enid but i'm having a difficult time deciding whether to buy houses that cost from 35,000 to 60,000 that will rent from 400-650 or to go with houses that are 60,000 that might go from 650 to ??...1,250?

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Are you looking for greater cash flow value or net appreciative value? Upper price point will predicate a different client and possibly a substantially greater appreciable value.

$1250 client will want a single family residential 3 bedroom 2 bath nice neighborhood, fenced yard, washer dryer, on the westside. This is NOT a $60,000 house. However this is an appreciating asset.

A $650 client will take most anything in a Single Family residiential property in a westside neighborhood.This is also not a $60,000 property.

A $400 client will expect not much.

The available inventory of livable rentals homes and apartment in this market is --- 0,
(according to the soon to be released ERDA report. The Houston consulting firm hired to do this market study stated they have never encounter rental statistics like this before in any market they have studied)

The clients looking for rentals are substantial in number generating 3-4 serious new calls a day at rental agencies.

I hope this is helpful.
0 votes Thank Flag Link Sun Jul 14, 2013
The lower the buy, the higher the margins and 3 beds typically demand higher rights than two beds with a larger market seeking 3 beds.
0 votes Thank Flag Link Wed Apr 24, 2013
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