3205 Elmwood AveOklahoma CityOK73116
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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
Investment property for sale in Oklahoma City at 3205 Elmwood Ave, Oklahoma City, OK, 73116 uses $180,950 cash to close to unlock $7,471/yr annual cash flow and $623/mo monthly cash flow. Total monthly income runs $4,135/mo, and a $2,692/mo payment keeps the spread at $623/mo. Purchase price stands at $550,000, and rental yield measures 9.02% with $4,135/mo rent. Return on cash invested shows 24.19% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 126.03% and total cumulative return in cash records $228,058. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,135/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Single Family
Built in 1961
9,918 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73116, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,669 (100%) |
| Owner Occupied HU | 2,842 (60.9%) |
| Renter Occupied HU | 1,391 (29.8%) |
| Vacant Housing Units | 436 ( 9.3%) |
| Median Home Value | $359,553 |
| Average Home Value | $601,598 |
Housing Distribution
Address Breakdown
Residential
4,884
Single Family
4,183
Multi-Family
701
Businesses
1,378
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Listed by: Julie Snowder • Sage Sotheby's Realty
Mls Name: MLSOK/OKCMAR
Mls ID: #1182294