1216 NW 40th StOklahoma CityOK73118
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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 Oklahoma City at 1216 NW 40th St, Oklahoma City, OK, 73118 generates $2,612/mo in rent and, after a $1,948/mo payment, leaves $70/mo in cash flow. Total monthly income is $2,612/mo, and annual cash flow is $844/yr on $131,937 invested. Return on cash invested sits at 20.55% in year one, and rental yield is 7.88% on a $398,000 entry. Equity gained on principal adds $2,568/yr, while 5% annual appreciation builds toward $109,960 over five years. Five-year ROI reaches 106.54% and total cumulative return in cash sums $140,568. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,612/mo property income rather than buyer’s personal income.
Single Family
Built in 1909
8,498 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73118, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,607 (100%) |
| Owner Occupied HU | 3,415 (44.9%) |
| Renter Occupied HU | 3,173 (41.7%) |
| Vacant Housing Units | 1,019 (13.4%) |
| Median Home Value | $349,580 |
| Average Home Value | $411,447 |
Housing Distribution
Address Breakdown
Residential
6,877
Single Family
6,352
Multi-Family
525
Businesses
1,156
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Listed by: Chip Adams • Adams Family Real Estate LLC
Mls Name: MLSOK/OKCMAR
Mls ID: #1200024