1502 Hayes StNormanOK73069
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Nearby investment properties with comparable prices
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 1502 Hayes St, Norman, OK, 73069 offers $1,203/mo rent that, after a $783/mo payment, leaves $181/mo cash flow. Total monthly income is $1,203/mo, and annual cash flow is $2,178/yr on $53,007 cash. Return on cash invested measures 24.02% in year one, and rental yield stands at 9.03% at a $159,900 entry. Equity gained on principal adds $1,032/yr while 5% annual appreciation compounds into $44,177 by year five. Five-year ROI records 125.18% and total cumulative return in cash reaches $66,354. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,203/mo property income versus a $783/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73069, Norman, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,463 (100%) |
| Owner Occupied HU | 5,435 (40.4%) |
| Renter Occupied HU | 6,471 (48.1%) |
| Vacant Housing Units | 1,557 (11.6%) |
| Median Home Value | $241,841 |
| Average Home Value | $295,971 |
Housing Distribution
Address Breakdown
Residential
12,796
Single Family
12,065
Multi-Family
731
Businesses
1,977
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Listed by: Dana Hare • DMG Real Estate Services
Mls Name: MLSOK/OKCMAR
Mls Provider:
Mls ID: #1165948
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