12504 Covey Creek DrOklahoma CityOK73142
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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 12504 Covey Creek Dr, Oklahoma City, OK, 73142 uses $76,245 cash to close to unlock $4,168/yr annual cash flow and $347/mo monthly cash flow. Total monthly income runs $1,826/mo, and a $1,126/mo payment keeps the spread at $347/mo. Purchase price stands at $230,000, and rental yield measures 9.53% with $1,826/mo rent. Return on cash invested shows 25.38% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 132.51% and total cumulative return in cash records $101,035. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,826/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1987
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73142, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,350 (100%) |
| Owner Occupied HU | 4,166 (49.9%) |
| Renter Occupied HU | 3,653 (43.7%) |
| Vacant Housing Units | 531 ( 6.4%) |
| Median Home Value | $420,341 |
| Average Home Value | $479,677 |
Housing Distribution
Address Breakdown
Residential
8,521
Single Family
7,653
Multi-Family
868
Businesses
349
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Listed by: Colette Naff • Keller Williams Realty Elite
Mls Name: MLSOK/OKCMAR
Mls Provider:
Mls ID: #1178430
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-19 21:42:46 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#88)