115 NE 3rd StOklahoma CityOK73104
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 Oklahoma City at 115 NE 3rd St, Oklahoma City, OK, 73104 priced at $1,100,000 converts $3,795/mo rent into after a $5,384/mo obligation. Total monthly income equals $3,795/mo. Return on cash invested prints 9.49% in year one, and rental yield reads 4.14% against a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation compiles into $303,910 by year five. Five-year ROI reaches 47.17% and total cumulative return in cash sums $168,127. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,795/mo property income covering a $5,384/mo payment, not borrower’s personal income.
Townhouse
Built in 2008
1,825 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73104, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,456 (100%) |
| Owner Occupied HU | 313 (12.7%) |
| Renter Occupied HU | 1,833 (74.6%) |
| Vacant Housing Units | 310 (12.6%) |
| Median Home Value | $382,941 |
| Average Home Value | $447,972 |
Housing Distribution
Address Breakdown
Residential
2,343
Single Family
1,111
Multi-Family
1,232
Businesses
479
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Kragh • Sage Sotheby's Realty
Mls Name: MLSOK/OKCMAR
Mls ID: #1191604