729 NW 38th StOklahoma CityOK73118
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play729 NW 38th St, Oklahoma City, OK, 73118 in Oklahoma City is priced for appreciation, not yield. Rental yield 1.82%. At $1,999,999 with a 1.82% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $552,563 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.34) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $133,883.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.8% | 10.0% |
| Monthly Cash Flow | $(9,732) | $450 |
City averages based on Oklahoma City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,041 |
| Total Monthly Debt Service | $11,977 |
| DSCR Ratio | 0.25x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1936
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73118, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,607 (100%) |
| Owner Occupied HU | 3,415 (44.9%) |
| Renter Occupied HU | 3,173 (41.7%) |
| Vacant Housing Units | 1,019 (13.4%) |
| Median Home Value | $349,580 |
| Average Home Value | $411,447 |
Housing Distribution
Address Breakdown
Residential
6,877
Single Family
6,352
Multi-Family
525
Businesses
1,156
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1936
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73118, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,607 (100%) |
| Owner Occupied HU | 3,415 (44.9%) |
| Renter Occupied HU | 3,173 (41.7%) |
| Vacant Housing Units | 1,019 (13.4%) |
| Median Home Value | $349,580 |
| Average Home Value | $411,447 |
Housing Distribution
Address Breakdown
Residential
6,877
Single Family
6,352
Multi-Family
525
Businesses
1,156
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: My State MLS
Mls ID: #11661859