607 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 607 3rd Ave NW, Ardmore, OK, 73401 offers a 9.2% rental yield on a $149,000 purchase with $1,142/mo rent. Total monthly income registers $1,142/mo, and a $729/mo payment leaves $191/mo available for distribution. Annual cash flow reaches $2,289/yr on $49,394 to close, and return on cash invested stands at 24.54% in year one. Equity gained on principal adds $961/yr while 5% annual appreciation supports $41,166 over five years. Portfolio math shows five-year ROI at 127.94% and total cumulative return in cash at $63,196. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,142/mo property income against a $729/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
2,918 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: Brandi Hull • Turn Key Real Estate
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2523287
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.