3006 Meriweather RdEdmondOK73003
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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 Edmond at 3006 Meriweather Rd, Edmond, OK, 73003 generates $3,718/mo in rent and, after a $2,606/mo payment, leaves $318/mo in cash flow. Total monthly income is $3,718/mo, and annual cash flow is $3,814/yr on $175,160 invested. Return on cash invested sits at 22.24% in year one, and rental yield is 8.38% on a $532,400 entry. Equity gained on principal adds $3,435/yr, while 5% annual appreciation builds toward $147,092 over five years. Five-year ROI reaches 115.55% and total cumulative return in cash sums $202,396. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,718/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73003, Edmond, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,388 (100%) |
| Owner Occupied HU | 5,194 (50.0%) |
| Renter Occupied HU | 4,400 (42.4%) |
| Vacant Housing Units | 794 ( 7.6%) |
| Median Home Value | $251,228 |
| Average Home Value | $295,846 |
Housing Distribution
Address Breakdown
Residential
9,888
Single Family
9,677
Multi-Family
211
Businesses
1,394
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