3124 Novara DrArcadiaOK73007
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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 Arcadia at 3124 Novara Dr, Arcadia, OK, 73007 generates $2,435/mo in rent, after a $5,056/mo payment. Total monthly income is $2,435/mo. Return on cash invested sits at 5.45% in year one, and rental yield is 2.83% on a $1,032,920 entry. Equity gained on principal adds $6,665/yr, while 5% annual appreciation builds toward $285,377 over five years. Five-year ROI reaches 25.46% and total cumulative return in cash sums $85,219. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,435/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
2.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73007, Arcadia, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,507 (100%) |
| Owner Occupied HU | 1,184 (78.6%) |
| Renter Occupied HU | 136 ( 9.0%) |
| Vacant Housing Units | 187 (12.4%) |
| Median Home Value | $473,797 |
| Average Home Value | $542,327 |
Housing Distribution
Address Breakdown
Residential
1,575
Single Family
1,575
Multi-Family
0
Businesses
104
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