1609 Ballad DrMidwest CityOK73130
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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 Midwest City at 1609 Ballad Dr, Midwest City, OK, 73130 earns $446/mo cash flow from $1,873/mo rent with a $1,094/mo payment. Total monthly income totals $1,873/mo, and annual cash flow totals $5,347/yr on $74,090 capital. ROI tracks 27.13% on current figures, and rental yield reads 10.06% at a $223,500 purchase. Equity gained on principal adds $1,442/yr, and 5% annual appreciation supports $61,749 over five years. Five-year ROI reaches 141.82% and total cumulative return in cash sums $105,078. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,873/mo property income instead of your personal income.
Single Family
Built in 1979
8,398 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73130, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,477 (100%) |
| Owner Occupied HU | 6,347 (67.0%) |
| Renter Occupied HU | 2,565 (27.1%) |
| Vacant Housing Units | 565 ( 6.0%) |
| Median Home Value | $236,298 |
| Average Home Value | $283,740 |
Housing Distribution
Address Breakdown
Residential
9,257
Single Family
8,456
Multi-Family
801
Businesses
376
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Listed by: Cheree Black • eXp Realty, LLC
Mls Name: eXp Realty
Mls ID: #1129600