2712 Paxton PlSpencerOK73084
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
Investment Highlights
Rental property for sale in Spencer at 2712 Paxton Pl, Spencer, OK, 73084 priced at $169,999 converts $1,360/mo rent into $274/mo cash flow after a $832/mo obligation. Total monthly income equals $1,360/mo, and annual cash flow totals $3,293/yr on $56,355 invested. Return on cash invested prints 25.75% in year one, and rental yield reads 9.6% against a $169,999 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation compiles into $46,968 by year five. Five-year ROI reaches 134.51% and total cumulative return in cash sums $75,801. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,360/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1984
6,599 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73084, Spencer, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,146 (100%) |
| Owner Occupied HU | 1,835 (58.3%) |
| Renter Occupied HU | 872 (27.7%) |
| Vacant Housing Units | 439 (14.0%) |
| Median Home Value | $148,740 |
| Average Home Value | $197,191 |
Housing Distribution
Address Breakdown
Residential
2,924
Single Family
2,924
Multi-Family
0
Businesses
187
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Nearby investment properties with comparable prices
Listed by: Jasmine Coulter • Bloc Real Estate Group
Mls Name: MLSOK/OKCMAR
Mls Provider:
Mls ID: #1166436
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