1116 SW 38th StOklahoma CityOK73109
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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 Oklahoma City at 1116 SW 38th St, Oklahoma City, OK, 73109 uses $58,013 cash to close to unlock $6,048/yr annual cash flow and $504/mo monthly cash flow. Total monthly income runs $1,622/mo, and a $857/mo payment keeps the spread at $504/mo. Purchase price stands at $175,000, and rental yield measures 11.12% with $1,622/mo rent. Return on cash invested shows 30.33% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 159% and total cumulative return in cash records $92,239. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,622/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1942
9,121 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73109, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,421 (100%) |
| Owner Occupied HU | 3,024 (35.9%) |
| Renter Occupied HU | 4,321 (51.3%) |
| Vacant Housing Units | 1,076 (12.8%) |
| Median Home Value | $101,744 |
| Average Home Value | $206,000 |
Housing Distribution
Address Breakdown
Residential
7,496
Single Family
6,355
Multi-Family
1,141
Businesses
949
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Listed by: Tara Levinson • LRE Realty LLC
Mls Name: MLSOK/OKCMAR
Mls ID: #1197495