501 Ridgecrest RdEdmondOK73013
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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 Edmond at 501 Ridgecrest Rd, Edmond, OK, 73013 priced at $175,000 converts $1,339/mo rent into $221/mo cash flow after a $857/mo obligation. Total monthly income equals $1,339/mo, and annual cash flow totals $2,652/yr on $58,013 invested. Return on cash invested prints 24.48% in year one, and rental yield reads 9.18% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 127.62% and total cumulative return in cash sums $74,035. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,339/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 1961
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73013, Edmond, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,424 (100%) |
| Owner Occupied HU | 15,923 (68.0%) |
| Renter Occupied HU | 6,149 (26.3%) |
| Vacant Housing Units | 1,352 ( 5.8%) |
| Median Home Value | $331,214 |
| Average Home Value | $401,623 |
Housing Distribution
Address Breakdown
Residential
23,843
Single Family
22,009
Multi-Family
1,834
Businesses
2,135
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