505 Blue Ridge DrEdmondOK73003
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
Investment Highlights
Investment property for sale in Edmond at 505 Blue Ridge Dr, Edmond, OK, 73003 uses $99,450 cash to close to unlock $762/yr annual cash flow and $64/mo monthly cash flow. Total monthly income runs $1,979/mo, and a $1,468/mo payment keeps the spread at $64/mo. Purchase price stands at $300,000, and rental yield measures 7.92% with $1,979/mo rent. Return on cash invested shows 20.68% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 107.22% and total cumulative return in cash records $106,632. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,979/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1986
8,772 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices