10220 E 116th Pl SBixbyOK74008
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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 Bixby at 10220 E 116th Pl S, Bixby, OK, 74008 uses $87,019 cash to close to unlock $5,735/yr annual cash flow and $478/mo monthly cash flow. Total monthly income runs $2,167/mo, and a $1,285/mo payment keeps the spread at $478/mo. Purchase price stands at $262,500, and rental yield measures 9.91% with $2,167/mo rent. Return on cash invested shows 26.5% in year one, and 5% annual appreciation builds toward $72,524 over five years. Five-year ROI reaches 138.51% and total cumulative return in cash records $120,526. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,167/mo property income covering a $1,285/mo payment rather than investor’s personal income.
Single Family
Built in 1998
7,361 sqft lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74008, Bixby, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,115 (100%) |
| Owner Occupied HU | 9,321 (71.1%) |
| Renter Occupied HU | 3,067 (23.4%) |
| Vacant Housing Units | 727 ( 5.5%) |
| Median Home Value | $338,649 |
| Average Home Value | $378,812 |
Housing Distribution
Address Breakdown
Residential
13,735
Single Family
12,994
Multi-Family
741
Businesses
916
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Listed by: Kevin Dick • Coldwell Banker Select
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2517827
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.