1601 Lake Ridge RdNormanOK73026
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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 1601 Lake Ridge Rd, Norman, OK, 73026 listed at $165,000 pairs $1,483/mo rent with a $808/mo payment to leave $429/mo cash flow. Total monthly income runs $1,483/mo, and annual cash flow reaches $5,146/yr on $54,698 cash to close. Return on cash invested measures 29.32% in year one, and rental yield registers 10.79% at a $165,000 basis. Equity gained on principal adds $1,065/yr, and annual property appreciation at 5% supports $45,586 by year five. Five-year ROI tracks 153.57% and total cumulative return in cash totals $83,999. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,483/mo property income relative to a $808/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2007
2.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73026, Norman, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,194 (100%) |
| Owner Occupied HU | 4,270 (82.2%) |
| Renter Occupied HU | 547 (10.5%) |
| Vacant Housing Units | 377 ( 7.3%) |
| Median Home Value | $310,137 |
| Average Home Value | $362,038 |
Housing Distribution
Address Breakdown
Residential
4,938
Single Family
4,907
Multi-Family
31
Businesses
71
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