The property at 6809 Lancer Ln, Oklahoma City is a duplex with 6 beds and 5 baths, yielding an estimated monthly rental income range between $3,080 and $3,680. This suggests an annual income potential of $37K to $44K. Given the list price of $230K, the estimated payback period would range from 5.2 to 6.2 years. The Knights Lake neighborhood shows stable market conditions with potential for appreciation, while the property's dual garages and proximity to major routes are attractive features. Potential challenges might include its 1971 construction date, necessitating updates to maximize rent potential.
To boost rental income, consider modernizing the kitchens and bathrooms, as well as refreshing the property's exterior. If contemplating selling, emphasize the property's strong rental yield and potential for capital appreciation in promotional materials. Highlight the proximity to key amenities and the ease of access across Oklahoma City. For investors, this property offers a solid ROI in a neighborhood with steady demand.