1909 Chandelier Dr #1911NormanOK73069
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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
Rental property for sale in Norman at 1909 Chandelier Dr #1911, Norman, OK, 73069 generates $1,646/mo in rent and, after a $1,223/mo payment, leaves $50/mo in cash flow. Total monthly income is $1,646/mo, and annual cash flow is $603/yr on $82,842 invested. Return on cash invested sits at 20.64% in year one, and rental yield is 7.9% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 107.05% and total cumulative return in cash sums $88,682. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,646/mo property income rather than buyer’s personal income.
Multi Family
Built in 1978
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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