1309 Eastgate Dr #1311NormanOK73071
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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
Rental property for sale in Norman at 1309 Eastgate Dr #1311, Norman, OK, 73071 generates $1,422/mo in rent, after a $1,248/mo payment. Total monthly income is $1,422/mo. Return on cash invested sits at 16.07% in year one, and rental yield is 6.69% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 82.87% and total cumulative return in cash sums $70,052. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,422/mo property income rather than buyer’s personal income.
Multi Family
Built in 1983
6,534 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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Listed by: Kelley Baca • Baca Realty Group LLC
Mls Name: MLSOK/OKCMAR
Mls Provider:
Mls ID: #1176886
Disclaimer: Based on information submitted to the MLS GRID as of 2025-11-04 03:07:58 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#88)