1609 Apian WayEdmondOK73003
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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 Edmond at 1609 Apian Way, Edmond, OK, 73003 uses $66,267 cash to close to unlock $6,130/yr annual cash flow and $511/mo monthly cash flow. Total monthly income runs $1,787/mo, and a $978/mo payment keeps the spread at $511/mo. Purchase price stands at $199,900, and rental yield measures 10.73% with $1,787/mo rent. Return on cash invested shows 29.16% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 152.71% and total cumulative return in cash records $101,197. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,787/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1983
6,825 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73003, Edmond, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,388 (100%) |
| Owner Occupied HU | 5,194 (50.0%) |
| Renter Occupied HU | 4,400 (42.4%) |
| Vacant Housing Units | 794 ( 7.6%) |
| Median Home Value | $251,228 |
| Average Home Value | $295,846 |
Housing Distribution
Address Breakdown
Residential
9,888
Single Family
9,677
Multi-Family
211
Businesses
1,394
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