31 Shirley LnEdmondOK73003
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 Edmond at 31 Shirley Ln, Edmond, OK, 73003 priced at $299,000 converts $2,798/mo rent into $889/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,798/mo, and annual cash flow totals $10,668/yr on $99,119 invested. Return on cash invested prints 30.67% in year one, and rental yield reads 11.23% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 160.8% and total cumulative return in cash sums $159,382. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,798/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1962
7,906 sqft 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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Listed by: Steven Ligon • Keller-Williams Platinum
Mls Name: MLSOK/OKCMAR
Mls Provider:
Mls ID: #1143979
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