8506 NE 34th PlSpencerOK73084
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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 Spencer at 8506 NE 34th Pl, Spencer, OK, 73084 uses $41,438 cash to close to unlock $2,142/yr annual cash flow and $179/mo monthly cash flow. Total monthly income runs $977/mo, and a $612/mo payment keeps the spread at $179/mo. Purchase price stands at $125,000, and rental yield measures 9.38% with $977/mo rent. Return on cash invested shows 25.08% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 130.88% and total cumulative return in cash records $54,233. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $977/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 2024
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73084, Spencer, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,146 (100%) |
| Owner Occupied HU | 1,835 (58.3%) |
| Renter Occupied HU | 872 (27.7%) |
| Vacant Housing Units | 439 (14.0%) |
| Median Home Value | $148,740 |
| Average Home Value | $197,191 |
Housing Distribution
Address Breakdown
Residential
2,924
Single Family
2,924
Multi-Family
0
Businesses
187
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