518 E Lockheed 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
Rental property for sale in Midwest City at 518 E Lockheed Dr, Midwest City, OK, 73110 offers $1,223/mo rent that, after a $661/mo payment, leaves $338/mo cash flow. Total monthly income is $1,223/mo, and annual cash flow is $4,055/yr on $44,753 cash. Return on cash invested measures 28.97% in year one, and rental yield stands at 10.87% at a $135,000 entry. Equity gained on principal adds $871/yr while 5% annual appreciation compounds into $37,298 by year five. Five-year ROI records 151.9% and total cumulative return in cash reaches $67,981. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,223/mo property income versus a $661/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1943
7,649 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: Angel Morris • LIME Realty
Mls Name: MLSOK/OKCMAR
Mls Provider:
Mls ID: #1176831
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