2515 3rd Ave NEArdmoreOK73401
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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 Ardmore at 2515 3rd Ave NE, Ardmore, OK, 73401 generates $2,431/mo in rent and, after a $1,713/mo payment, leaves $196/mo in cash flow. Total monthly income is $2,431/mo, and annual cash flow is $2,351/yr on $116,025 invested. Return on cash invested sits at 21.94% in year one, and rental yield is 8.33% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 113.96% and total cumulative return in cash sums $132,218. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,431/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73401, Ardmore, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,795 (100%) |
| Owner Occupied HU | 9,303 (55.4%) |
| Renter Occupied HU | 5,587 (33.3%) |
| Vacant Housing Units | 1,905 (11.3%) |
| Median Home Value | $204,227 |
| Average Home Value | $252,648 |
Housing Distribution
Address Breakdown
Residential
15,845
Single Family
14,973
Multi-Family
872
Businesses
1,722
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