38 SE Shadow Lake Dr #38BartlesvilleOK74006
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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 Bartlesville at 38 SE Shadow Lake Dr #38, Bartlesville, OK, 74006 priced at $159,500 converts $1,495/mo rent into $300/mo cash flow after a $781/mo obligation. Total monthly income equals $1,495/mo, and annual cash flow totals $3,601/yr on $52,874 invested. Return on cash invested prints 26.72% in year one, and rental yield reads 11.25% against a $159,500 entry. Equity gained on principal adds $1,029/yr, while 5% annual appreciation compiles into $44,067 by year five. Five-year ROI reaches 141.17% and total cumulative return in cash sums $74,641. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,495/mo property income covering a $781/mo payment, not borrower’s personal income.
Condo
Built in 1975
1,829 sqft lot
$N/A/sqft
$176 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74006, Bartlesville, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,404 (100%) |
| Owner Occupied HU | 8,266 (66.6%) |
| Renter Occupied HU | 3,133 (25.3%) |
| Vacant Housing Units | 1,005 ( 8.1%) |
| Median Home Value | $212,189 |
| Average Home Value | $251,773 |
Housing Distribution
Address Breakdown
Residential
12,106
Single Family
11,209
Multi-Family
897
Businesses
913
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Listed by: Lee Ann Pierce • RE/MAX Results
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2517287
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.