1620 Rancho DrOklahoma CityOK73119
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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 1620 Rancho Dr, Oklahoma City, OK, 73119 uses $54,664 cash to close to unlock $7,140/yr annual cash flow and $595/mo monthly cash flow. Total monthly income runs $1,648/mo, and a $807/mo payment keeps the spread at $595/mo. Purchase price stands at $164,900, and rental yield measures 11.99% with $1,648/mo rent. Return on cash invested shows 32.97% in year one, and 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 173.23% and total cumulative return in cash records $94,696. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,648/mo property income covering a $807/mo payment rather than investor’s personal income.
Single Family
Built in 1950
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73119, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,492 (100%) |
| Owner Occupied HU | 4,694 (40.8%) |
| Renter Occupied HU | 5,476 (47.7%) |
| Vacant Housing Units | 1,322 (11.5%) |
| Median Home Value | $101,182 |
| Average Home Value | $167,585 |
Housing Distribution
Address Breakdown
Residential
10,850
Single Family
10,156
Multi-Family
694
Businesses
744
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Listed by: Daniel Lopez • LRE Realty LLC
Mls Name: MLSOK/OKCMAR
Mls ID: #1186844