2332 Snapper LnMidwest CityOK73130
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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
Rental property for sale in Midwest City at 2332 Snapper Ln, Midwest City, OK, 73130 generates $2,594/mo in rent and, after a $1,860/mo payment, leaves $167/mo in cash flow. Total monthly income is $2,594/mo, and annual cash flow is $2,006/yr on $125,970 invested. Return on cash invested sits at 21.5% in year one, and rental yield is 8.19% on a $380,000 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 111.67% and total cumulative return in cash sums $140,677. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,594/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
7,910 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73130, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,477 (100%) |
| Owner Occupied HU | 6,347 (67.0%) |
| Renter Occupied HU | 2,565 (27.1%) |
| Vacant Housing Units | 565 ( 6.0%) |
| Median Home Value | $236,298 |
| Average Home Value | $283,740 |
Housing Distribution
Address Breakdown
Residential
9,257
Single Family
8,456
Multi-Family
801
Businesses
376
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Listed by: Michael Jones • Real Broker LLC
Mls Name: MLSOK/OKCMAR
Mls ID: #1168118