1304 NE 16th StOklahoma CityOK73117
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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 1304 NE 16th St, Oklahoma City, OK, 73117 generates $1,150/mo in rent and, after a $568/mo payment, leaves $409/mo in cash flow. Total monthly income is $1,150/mo, and annual cash flow is $4,908/yr on $38,454 invested. Return on cash invested sits at 32.67% in year one, and rental yield is 11.9% on a $116,000 entry. Equity gained on principal adds $749/yr, while 5% annual appreciation builds toward $32,049 over five years. Five-year ROI reaches 171.54% and total cumulative return in cash sums $65,963. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,150/mo property income rather than buyer’s personal income.
Single Family
Built in 1923
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73117, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,461 (100%) |
| Owner Occupied HU | 1,015 (29.3%) |
| Renter Occupied HU | 1,802 (52.1%) |
| Vacant Housing Units | 644 (18.6%) |
| Median Home Value | $134,704 |
| Average Home Value | $166,340 |
Housing Distribution
Address Breakdown
Residential
3,213
Single Family
2,839
Multi-Family
374
Businesses
258
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Listed by: Sabrina Adams • Arrived OKC
Mls Name: MLSOK/OKCMAR
Mls Provider:
Mls ID: #1157783
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