505 Locust StArdmoreOK73401
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 Ardmore at 505 Locust St, Ardmore, OK, 73401 at $159,900 posts ROI 27.05% with $315/mo cash flow from $1,337/mo rent. Total monthly income equals $1,337/mo, and annual cash flow records $3,786/yr on $53,007 to close. Return on cash invested measures 27.05% and rental yield reads 10.03% at the current $159,900. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 by year five. Five-year ROI prints 141.43% and total cumulative return in cash totals $74,970.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,337/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1955
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73401, Ardmore, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,795 (100%) |
| Owner Occupied HU | 9,303 (55.4%) |
| Renter Occupied HU | 5,587 (33.3%) |
| Vacant Housing Units | 1,905 (11.3%) |
| Median Home Value | $204,227 |
| Average Home Value | $252,648 |
Housing Distribution
Address Breakdown
Residential
15,845
Single Family
14,973
Multi-Family
872
Businesses
1,722
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Listed by: Sandy Matchen-Day • RE/MAX Master Associates, Inc.
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2439977
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.