1421 NW 16th StOklahoma CityOK73106
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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 1421 NW 16th St, Oklahoma City, OK, 73106 uses $127,628 cash to close to unlock $225/yr annual cash flow and $19/mo monthly cash flow. Total monthly income runs $2,477/mo, and a $1,884/mo payment keeps the spread at $19/mo. Purchase price stands at $385,000, and rental yield measures 7.72% with $2,477/mo rent. Return on cash invested shows 20.08% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 104.04% and total cumulative return in cash records $132,778. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,477/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 1915
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73106, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,174 (100%) |
| Owner Occupied HU | 1,746 (24.3%) |
| Renter Occupied HU | 4,170 (58.1%) |
| Vacant Housing Units | 1,258 (17.5%) |
| Median Home Value | $288,990 |
| Average Home Value | $340,407 |
Housing Distribution
Address Breakdown
Residential
5,596
Single Family
4,412
Multi-Family
1,184
Businesses
847
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Listed by: Otis Himes • Whittington Realty
Mls Name: MLSOK/OKCMAR
Mls ID: #1186074