1220 12th Ave SE UNIT 1205NormanOK73071
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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 Norman at 1220 12th Ave SE UNIT 1205, Norman, OK, 73071 offers a 8.33% rental yield on a $191,500 purchase with $1,330/mo rent. Total monthly income registers $1,330/mo, and a $937/mo payment leaves $107/mo available for distribution. Annual cash flow reaches $1,288/yr on $63,482 to close, and return on cash invested stands at 21.94% in year one. Equity gained on principal adds $1,236/yr while 5% annual appreciation supports $52,908 over five years. Portfolio math shows five-year ROI at 114.05% and total cumulative return in cash at $72,399. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,330/mo property income against a $937/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
2,204 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73071, Norman, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,985 (100%) |
| Owner Occupied HU | 8,126 (40.7%) |
| Renter Occupied HU | 10,330 (51.7%) |
| Vacant Housing Units | 1,529 ( 7.7%) |
| Median Home Value | $244,303 |
| Average Home Value | $298,263 |
Housing Distribution
Address Breakdown
Residential
19,765
Single Family
15,759
Multi-Family
4,006
Businesses
614
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