501 Meadow Lake DrEdmondOK73003
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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 Edmond at 501 Meadow Lake Dr, Edmond, OK, 73003 with 5% annual appreciation on a $200,000 basis while $1,594/mo rent supports operations. Total monthly income totals $1,594/mo and a $979/mo payment preserves $317/mo for cash returns. Annual cash flow comes to $3,800/yr on $66,300 deployed, and return on cash invested reaches 25.64% in year one. Equity gained on principal adds $1,291/yr, and five-year appreciation sums $55,256 alongside rental yield of 9.56%. Five-year ROI measures 133.86% and total cumulative return in cash totals $88,748.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,594/mo property income versus a $979/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1970
8,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73003, Edmond, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,388 (100%) |
| Owner Occupied HU | 5,194 (50.0%) |
| Renter Occupied HU | 4,400 (42.4%) |
| Vacant Housing Units | 794 ( 7.6%) |
| Median Home Value | $251,228 |
| Average Home Value | $295,846 |
Housing Distribution
Address Breakdown
Residential
9,888
Single Family
9,677
Multi-Family
211
Businesses
1,394
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