1 NE 2nd St APT 413Oklahoma CityOK73104
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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 Oklahoma City at 1 NE 2nd St APT 413, Oklahoma City, OK, 73104 offers a 8.84% rental yield on a $398,000 purchase with $2,933/mo rent. Total monthly income registers $2,933/mo, and a $1,948/mo payment leaves $391/mo available for distribution. Annual cash flow reaches $4,696/yr on $131,937 to close, and return on cash invested stands at 23.47% in year one. Equity gained on principal adds $2,568/yr while 5% annual appreciation supports $109,960 over five years. Portfolio math shows five-year ROI at 122.21% and total cumulative return in cash at $161,244. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,933/mo property income against a $1,948/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73104, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,456 (100%) |
| Owner Occupied HU | 313 (12.7%) |
| Renter Occupied HU | 1,833 (74.6%) |
| Vacant Housing Units | 310 (12.6%) |
| Median Home Value | $382,941 |
| Average Home Value | $447,972 |
Housing Distribution
Address Breakdown
Residential
2,343
Single Family
1,111
Multi-Family
1,232
Businesses
479
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Listed by: Chelsey D English Talkington • Fidelity Real Estate Brokers
Mls Name: MLSOK/OKCMAR
Mls ID: #1195599