524 E Grumman 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 524 E Grumman Dr, Midwest City, OK, 73110 priced at $259,900 converts $1,078/mo rent into after a $1,272/mo obligation. Total monthly income equals $1,078/mo. Return on cash invested prints 11.81% in year one, and rental yield reads 4.98% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 59.69% and total cumulative return in cash sums $51,430. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,078/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Single Family
Built in 2025
5,601 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: Kimi George • Metro First Realty of Edmond
Mls Name: MLSOK/OKCMAR
Mls ID: #1209452