1012 SE 16th TerNewcastleOK73065
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Nearby investment properties with comparable prices
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 Newcastle at 1012 SE 16th Ter, Newcastle, OK, 73065 earns from $1,830/mo rent with a $1,439/mo payment. Total monthly income totals $1,830/mo. ROI tracks 19.07% on current figures, and rental yield reads 7.47% at a $293,902 purchase. Equity gained on principal adds $1,897/yr, and 5% annual appreciation supports $81,200 over five years. Five-year ROI reaches 98.69% and total cumulative return in cash sums $96,149. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,830/mo property income instead of your personal income.
Single Family
Built in 2025
7,474 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73065, Newcastle, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,437 (100%) |
| Owner Occupied HU | 3,363 (75.8%) |
| Renter Occupied HU | 862 (19.4%) |
| Vacant Housing Units | 212 ( 4.8%) |
| Median Home Value | $249,373 |
| Average Home Value | $302,021 |
Housing Distribution
Address Breakdown
Residential
4,816
Single Family
4,816
Multi-Family
0
Businesses
491
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Listed by: John Burris • Central Oklahoma Real Estate
Mls Name: MLSOK/OKCMAR
Mls Provider:
Mls ID: #1196968
Disclaimer: Based on information submitted to the MLS GRID as of 2025-12-18 02:27:53 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#88)