8817 NE 46th StSpencerOK73084
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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 8817 NE 46th St, Spencer, OK, 73084 offers a 9.98% rental yield on a $152,500 purchase with $1,268/mo rent. Total monthly income registers $1,268/mo, and a $746/mo payment leaves $295/mo available for distribution. Annual cash flow reaches $3,534/yr on $50,554 to close, and return on cash invested stands at 26.9% in year one. Equity gained on principal adds $984/yr while 5% annual appreciation supports $42,133 over five years. Portfolio math shows five-year ROI at 140.62% and total cumulative return in cash at $71,087. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,268/mo property income against a $746/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
7,562 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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