703 Cherry StArdmoreOK73401
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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 Ardmore at 703 Cherry St, Ardmore, OK, 73401 generates $1,093/mo in rent and, after a $538/mo payment, leaves $372/mo in cash flow. Total monthly income is $1,093/mo, and annual cash flow is $4,465/yr on $36,432 invested. Return on cash invested sits at 32.17% in year one, and rental yield is 11.93% on a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 169.18% and total cumulative return in cash sums $61,636. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,093/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
9,147 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: Darla Cox • Claudia & Carolyn Realty Group
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2516977
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.