316 Redstone CtNobleOK73068
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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 Noble at 316 Redstone Ct, Noble, OK, 73068 generates $1,087/mo in rent and, after a $685/mo payment, leaves $193/mo in cash flow. Total monthly income is $1,087/mo, and annual cash flow is $2,320/yr on $46,377 invested. Return on cash invested sits at 24.91% in year one, and rental yield is 9.32% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 129.98% and total cumulative return in cash sums $60,279. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,087/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73068, Noble, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,525 (100%) |
| Owner Occupied HU | 3,650 (66.1%) |
| Renter Occupied HU | 1,383 (25.0%) |
| Vacant Housing Units | 492 ( 8.9%) |
| Median Home Value | $247,475 |
| Average Home Value | $292,136 |
Housing Distribution
Address Breakdown
Residential
5,056
Single Family
4,959
Multi-Family
97
Businesses
323
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