209 E 38th StSand SpringsOK74063
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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 Sand Springs at 209 E 38th St, Sand Springs, OK, 74063 uses $64,477 cash to close to unlock $5,974/yr annual cash flow and $498/mo monthly cash flow. Total monthly income runs $1,740/mo, and a $952/mo payment keeps the spread at $498/mo. Purchase price stands at $194,500, and rental yield measures 10.74% with $1,740/mo rent. Return on cash invested shows 29.18% in year one, and 5% annual appreciation builds toward $53,737 over five years. Five-year ROI reaches 152.79% and total cumulative return in cash records $98,517. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,740/mo property income covering a $952/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74063, Sand Springs, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,387 (100%) |
| Owner Occupied HU | 9,315 (69.6%) |
| Renter Occupied HU | 2,999 (22.4%) |
| Vacant Housing Units | 1,073 ( 8.0%) |
| Median Home Value | $247,861 |
| Average Home Value | $293,980 |
Housing Distribution
Address Breakdown
Residential
12,709
Single Family
12,519
Multi-Family
190
Businesses
960
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Listed by: Heather Portokalis • Brix Realty Group LLC (BO)
Mls Name: MLS Technology, Inc.
Mls ID: #2546613