1510 Melrose DrNormanOK73069
Nearby investment properties with comparable rents
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
Investment property for sale in Norman at 1510 Melrose Dr, Norman, OK, 73069 with 5% annual appreciation on a $400,000 basis while $2,986/mo rent supports operations. Total monthly income totals $2,986/mo and a $1,958/mo payment preserves $431/mo for cash returns. Annual cash flow comes to $5,176/yr on $132,600 deployed, and return on cash invested reaches 23.81% in year one. Equity gained on principal adds $2,581/yr, and five-year appreciation sums $110,513 alongside rental yield of 8.96%. Five-year ROI measures 124.07% and total cumulative return in cash totals $164,512.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,986/mo property income versus a $1,958/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1954
7,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices