16840 Spring Hill DrLexingtonOK73051
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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 Lexington at 16840 Spring Hill Dr, Lexington, OK, 73051 listed at $170,000 pairs $1,289/mo rent with a $832/mo payment to leave $203/mo cash flow. Total monthly income runs $1,289/mo, and annual cash flow reaches $2,441/yr on $56,355 cash to close. Return on cash invested measures 24.24% in year one, and rental yield registers 9.1% at a $170,000 basis. Equity gained on principal adds $1,097/yr, and annual property appreciation at 5% supports $46,968 by year five. Five-year ROI tracks 126.37% and total cumulative return in cash totals $71,217. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,289/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2023
2.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73051, Lexington, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,041 (100%) |
| Owner Occupied HU | 2,010 (66.1%) |
| Renter Occupied HU | 665 (21.9%) |
| Vacant Housing Units | 366 (12.0%) |
| Median Home Value | $234,697 |
| Average Home Value | $304,837 |
Housing Distribution
Address Breakdown
Residential
2,785
Single Family
2,785
Multi-Family
0
Businesses
117
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