2115 N Kate AveOklahoma CityOK73111
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 2115 N Kate Ave, Oklahoma City, OK, 73111 in Oklahoma City at $165,000 earns $1,162/mo in rent and nets $108/mo after the $742/mo payment, a 8.45% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $45,586 over five years. Ziffy Mortgage underwrites this on a 1.57 DSCR without U.S. credit history. With $1,520/yr in principal paydown, total projected return reaches $69,674.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 10.0% |
| Monthly Cash Flow | $108 | $450 |
City averages based on Oklahoma City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,162 |
| Total Monthly Debt Service | $988 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1925
6,699 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73111, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,212 (100%) |
| Owner Occupied HU | 2,312 (37.2%) |
| Renter Occupied HU | 2,709 (43.6%) |
| Vacant Housing Units | 1,191 (19.2%) |
| Median Home Value | $157,823 |
| Average Home Value | $248,696 |
Housing Distribution
Address Breakdown
Residential
5,005
Single Family
4,890
Multi-Family
115
Businesses
407
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1925
6,699 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73111, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,212 (100%) |
| Owner Occupied HU | 2,312 (37.2%) |
| Renter Occupied HU | 2,709 (43.6%) |
| Vacant Housing Units | 1,191 (19.2%) |
| Median Home Value | $157,823 |
| Average Home Value | $248,696 |
Housing Distribution
Address Breakdown
Residential
5,005
Single Family
4,890
Multi-Family
115
Businesses
407
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rick McCormick • eXp Realty, LLC
Mls Name: MLSOK/OKCMAR
Mls ID: #1187260