1716 Sandalwood DrNormanOK73071
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
Rental property for sale in Norman at 1716 Sandalwood Dr, Norman, OK, 73071 priced at $250,000 converts $1,985/mo rent into $388/mo cash flow after a $1,224/mo obligation. Total monthly income equals $1,985/mo, and annual cash flow totals $4,657/yr on $82,875 invested. Return on cash invested prints 25.53% in year one, and rental yield reads 9.53% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 133.28% and total cumulative return in cash sums $110,458. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,985/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1974
9,147 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices