1005 Ridgecrest RdEdmondOK73013
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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 Edmond at 1005 Ridgecrest Rd, Edmond, OK, 73013 offers a 10.51% rental yield on a $219,500 purchase with $1,922/mo rent. Total monthly income registers $1,922/mo, and a $1,074/mo payment leaves $511/mo available for distribution. Annual cash flow reaches $6,137/yr on $72,764 to close, and return on cash invested stands at 28.34% in year one. Equity gained on principal adds $1,416/yr while 5% annual appreciation supports $60,644 over five years. Portfolio math shows five-year ROI at 148.42% and total cumulative return in cash at $107,998. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,922/mo property income against a $1,074/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
9,365 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73013, Edmond, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,424 (100%) |
| Owner Occupied HU | 15,923 (68.0%) |
| Renter Occupied HU | 6,149 (26.3%) |
| Vacant Housing Units | 1,352 ( 5.8%) |
| Median Home Value | $331,214 |
| Average Home Value | $401,623 |
Housing Distribution
Address Breakdown
Residential
23,843
Single Family
22,009
Multi-Family
1,834
Businesses
2,135
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