1016 N Cedar Ave ESand SpringsOK74063
Nearby investment properties with comparable rents
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
Rental property for sale in Sand Springs at 1016 N Cedar Ave E, Sand Springs, OK, 74063 generates $1,613/mo in rent and, after a $1,052/mo payment, leaves $240/mo in cash flow. Total monthly income is $1,613/mo, and annual cash flow is $2,883/yr on $71,273 invested. Return on cash invested sits at 23.95% in year one, and rental yield is 9% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 124.83% and total cumulative return in cash sums $88,969. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,613/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
9,191 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74063, Sand Springs, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,387 (100%) |
| Owner Occupied HU | 9,315 (69.6%) |
| Renter Occupied HU | 2,999 (22.4%) |
| Vacant Housing Units | 1,073 ( 8.0%) |
| Median Home Value | $247,861 |
| Average Home Value | $293,980 |
Housing Distribution
Address Breakdown
Residential
12,709
Single Family
12,519
Multi-Family
190
Businesses
960
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kimberley R Morrison • Chinowth & Cohen
Mls Name: MLS Technology, Inc.
Mls ID: #2550510