518 3rd Ave NWArdmoreOK73401
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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 Ardmore at 518 3rd Ave NW, Ardmore, OK, 73401 listed at $122,500 pairs $1,055/mo rent with a $600/mo payment to leave $272/mo cash flow. Total monthly income runs $1,055/mo, and annual cash flow reaches $3,267/yr on $40,609 cash to close. Return on cash invested measures 27.95% in year one, and rental yield registers 10.33% at a $122,500 basis. Equity gained on principal adds $790/yr, and annual property appreciation at 5% supports $33,844 by year five. Five-year ROI tracks 146.36% and total cumulative return in cash totals $59,436. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,055/mo property income relative to a $600/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
6,098 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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