1603 Oakcrest AveNormanOK73071
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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 1603 Oakcrest Ave, Norman, OK, 73071 uses $79,560 cash to close to unlock $4,728/yr annual cash flow and $394/mo monthly cash flow. Total monthly income runs $1,927/mo, and a $1,175/mo payment keeps the spread at $394/mo. Purchase price stands at $240,000, and rental yield measures 9.63% with $1,927/mo rent. Return on cash invested shows 25.85% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 134.94% and total cumulative return in cash records $107,354. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,927/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1972
8,712 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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