29654 E Ridge RdNormanOK73069
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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 29654 E Ridge Rd, Norman, OK, 73069 uses $234,380 cash to close to unlock $1,996/yr annual cash flow and $166/mo monthly cash flow. Total monthly income runs $4,716/mo, and a $3,487/mo payment keeps the spread at $166/mo. Purchase price stands at $712,400, and rental yield measures 7.94% with $4,716/mo rent. Return on cash invested shows 20.91% in year one, and 5% annual appreciation builds toward $196,823 over five years. Five-year ROI reaches 108.46% and total cumulative return in cash records $254,205. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,716/mo property income covering a $3,487/mo payment rather than investor’s personal income.
Single Family
Built in 2025
0.54 Acres 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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