1624 7th Ave NWArdmoreOK73401
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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 Ardmore at 1624 7th Ave NW, Ardmore, OK, 73401 offers a 9.1% rental yield on a $168,500 purchase with $1,278/mo rent. Total monthly income registers $1,278/mo, and a $825/mo payment leaves $202/mo available for distribution. Annual cash flow reaches $2,420/yr on $55,858 to close, and return on cash invested stands at 24.24% in year one. Equity gained on principal adds $1,087/yr while 5% annual appreciation supports $46,553 over five years. Portfolio math shows five-year ROI at 126.37% and total cumulative return in cash at $70,590. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,278/mo property income against a $825/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73401, Ardmore, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,795 (100%) |
| Owner Occupied HU | 9,303 (55.4%) |
| Renter Occupied HU | 5,587 (33.3%) |
| Vacant Housing Units | 1,905 (11.3%) |
| Median Home Value | $204,227 |
| Average Home Value | $252,648 |
Housing Distribution
Address Breakdown
Residential
15,845
Single Family
14,973
Multi-Family
872
Businesses
1,722
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Listed by: Lisa Sanders • Ardmore Realty, Inc
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2527305
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.