1110 Sherwood Ln APT 216Nichols HillsOK73116
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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
Rental property for sale in Nichols Hills at 1110 Sherwood Ln APT 216, Nichols Hills, OK, 73116 generates $1,820/mo in rent, after a $1,566/mo payment. Total monthly income is $1,820/mo. Return on cash invested sits at 17.38% in year one, and rental yield is 6.83% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 89.56% and total cumulative return in cash sums $94,976. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,820/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73116, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,669 (100%) |
| Owner Occupied HU | 2,842 (60.9%) |
| Renter Occupied HU | 1,391 (29.8%) |
| Vacant Housing Units | 436 ( 9.3%) |
| Median Home Value | $359,553 |
| Average Home Value | $601,598 |
Housing Distribution
Address Breakdown
Residential
4,884
Single Family
4,183
Multi-Family
701
Businesses
1,378
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Listed by: Victory Reneau Razavi • Whittington Realty
Mls Name: MLSOK/OKCMAR
Mls ID: #1187700