1516 NW 17th PlNewcastleOK73065
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
Investment property for sale in Newcastle at 1516 NW 17th Pl, Newcastle, OK, 73065 offers a 8.28% rental yield on a $375,000 purchase with $2,587/mo rent. Total monthly income registers $2,587/mo, and a $1,835/mo payment leaves $92/mo available for distribution. Annual cash flow reaches $1,108/yr on $124,313 to close, and return on cash invested stands at 20.8% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 108.25% and total cumulative return in cash at $134,571. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,587/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
8,999 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73065, Newcastle, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,437 (100%) |
| Owner Occupied HU | 3,363 (75.8%) |
| Renter Occupied HU | 862 (19.4%) |
| Vacant Housing Units | 212 ( 4.8%) |
| Median Home Value | $249,373 |
| Average Home Value | $302,021 |
Housing Distribution
Address Breakdown
Residential
4,816
Single Family
4,816
Multi-Family
0
Businesses
491
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cassie Good • Chamberlain Realty LLC
Mls Name: MLSOK/OKCMAR
Mls Provider:
Mls ID: #1176743
Disclaimer: Based on information submitted to the MLS GRID as of 2025-11-03 02:37:47 PST. 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)