516 E Rickenbacker DrMidwest CityOK73110
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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 Midwest City at 516 E Rickenbacker Dr, Midwest City, OK, 73110 listed at $134,900 pairs $1,194/mo rent with a $660/mo payment to leave $333/mo cash flow. Total monthly income runs $1,194/mo, and annual cash flow reaches $3,993/yr on $44,719 cash to close. Return on cash invested measures 28.84% in year one, and rental yield registers 10.62% at a $134,900 basis. Equity gained on principal adds $870/yr, and annual property appreciation at 5% supports $37,270 by year five. Five-year ROI tracks 151.01% and total cumulative return in cash totals $67,529. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,194/mo property income relative to a $660/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1943
7,444 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73110, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,643 (100%) |
| Owner Occupied HU | 5,863 (37.5%) |
| Renter Occupied HU | 8,252 (52.8%) |
| Vacant Housing Units | 1,528 ( 9.8%) |
| Median Home Value | $158,679 |
| Average Home Value | $207,290 |
Housing Distribution
Address Breakdown
Residential
15,087
Single Family
13,542
Multi-Family
1,545
Businesses
881
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Listed by: Mary T Tran • LIME Realty
Mls Name: MLSOK/OKCMAR
Mls ID: #1194579