3408 N Preston DrOklahoma CityOK73122
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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 3408 N Preston Dr, Oklahoma City, OK, 73122 offers a 8.06% rental yield on a $359,900 purchase with $2,416/mo rent. Total monthly income registers $2,416/mo, and a $1,762/mo payment leaves $117/mo available for distribution. Annual cash flow reaches $1,406/yr on $119,307 to close, and return on cash invested stands at 21.09% in year one. Equity gained on principal adds $2,322/yr while 5% annual appreciation supports $99,434 over five years. Portfolio math shows five-year ROI at 109.45% and total cumulative return in cash at $130,586. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,416/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73122, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,374 (100%) |
| Owner Occupied HU | 2,867 (45.0%) |
| Renter Occupied HU | 2,667 (41.8%) |
| Vacant Housing Units | 840 (13.2%) |
| Median Home Value | $177,720 |
| Average Home Value | $239,551 |
Housing Distribution
Address Breakdown
Residential
5,631
Single Family
4,921
Multi-Family
710
Businesses
345
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Listed by: David Smith • Icon Realty
Mls Name: MLSOK/OKCMAR
Mls ID: #1205578