2320 N Coltrane RdEdmondOK73034
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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 Edmond at 2320 N Coltrane Rd, Edmond, OK, 73034 uses $87,848 cash to close to unlock $1,413/yr annual cash flow and $118/mo monthly cash flow. Total monthly income runs $1,810/mo, and a $1,297/mo payment keeps the spread at $118/mo. Purchase price stands at $265,000, and rental yield measures 8.2% with $1,810/mo rent. Return on cash invested shows 21.52% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 111.73% and total cumulative return in cash records $98,151. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,810/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73034, Edmond, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,515 (100%) |
| Owner Occupied HU | 13,326 (65.0%) |
| Renter Occupied HU | 5,704 (27.8%) |
| Vacant Housing Units | 1,485 ( 7.2%) |
| Median Home Value | $393,232 |
| Average Home Value | $447,916 |
Housing Distribution
Address Breakdown
Residential
20,489
Single Family
19,373
Multi-Family
1,116
Businesses
1,504
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