3118 Edgewater DrWoodwardOK73801
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 Woodward at 3118 Edgewater Dr, Woodward, OK, 73801 offers $925/mo rent that, after a $573/mo payment, leaves $177/mo cash flow. Total monthly income is $925/mo, and annual cash flow is $2,130/yr on $38,786 cash. Return on cash invested measures 25.4% in year one, and rental yield stands at 9.49% at a $117,000 entry. Equity gained on principal adds $755/yr while 5% annual appreciation compounds into $32,325 by year five. Five-year ROI records 132.61% and total cumulative return in cash reaches $51,433. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $925/mo property income versus a $573/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73801, Woodward, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,504 (100%) |
| Owner Occupied HU | 3,969 (52.9%) |
| Renter Occupied HU | 2,137 (28.5%) |
| Vacant Housing Units | 1,398 (18.6%) |
| Median Home Value | $189,881 |
| Average Home Value | $218,953 |
Housing Distribution
Address Breakdown
Residential
6,464
Single Family
6,289
Multi-Family
175
Businesses
750
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