409 NW 116th StOklahoma CityOK73114
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 409 NW 116th St, Oklahoma City, OK, 73114 in Oklahoma City. At $274,900 it earns $2,048/mo in rent and distributes $293/mo to the owner after the $1,236/mo payment, a consistent 8.94% yield. DSCR 1.66 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $75,950 in value; $2,532/yr in principal paydown compounds ownership stake. Total projected return: $123,306.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 10.0% |
| Monthly Cash Flow | $293 | $450 |
City averages based on Oklahoma City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,048 |
| Total Monthly Debt Service | $1,646 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2025
6,490 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73114, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,387 (100%) |
| Owner Occupied HU | 2,922 (28.1%) |
| Renter Occupied HU | 6,263 (60.3%) |
| Vacant Housing Units | 1,202 (11.6%) |
| Median Home Value | $174,609 |
| Average Home Value | $262,045 |
Housing Distribution
Address Breakdown
Residential
9,447
Single Family
7,589
Multi-Family
1,858
Businesses
885
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2025
6,490 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73114, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,387 (100%) |
| Owner Occupied HU | 2,922 (28.1%) |
| Renter Occupied HU | 6,263 (60.3%) |
| Vacant Housing Units | 1,202 (11.6%) |
| Median Home Value | $174,609 |
| Average Home Value | $262,045 |
Housing Distribution
Address Breakdown
Residential
9,447
Single Family
7,589
Multi-Family
1,858
Businesses
885
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary-Beth Hafer • Salt Real Estate Inc
Mls Name: MLSOK/OKCMAR
Mls ID: #1214357