3001 Norcrest DrOklahoma CityOK73121
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 3001 Norcrest Dr, Oklahoma City, OK, 73121 in Oklahoma City fits: $556,900, 2.84% gross yield, and a projected 5% annual appreciation rate adding $153,861 in value within five years. Rental yield 2.84%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.53) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $5,129/yr in principal paydown and $153,861 in appreciation project a total return of $67,779.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.8% | 10.0% |
| Monthly Cash Flow | $(2,236) | $450 |
City averages based on Oklahoma City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,320 |
| Total Monthly Debt Service | $3,335 |
| DSCR Ratio | 0.40x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1961
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73121, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,414 (100%) |
| Owner Occupied HU | 1,008 (71.3%) |
| Renter Occupied HU | 259 (18.3%) |
| Vacant Housing Units | 147 (10.4%) |
| Median Home Value | $370,909 |
| Average Home Value | $426,677 |
Housing Distribution
Address Breakdown
Residential
1,414
Single Family
1,414
Multi-Family
0
Businesses
141
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
Single Family
Built in 1961
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73121, Oklahoma City, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,414 (100%) |
| Owner Occupied HU | 1,008 (71.3%) |
| Renter Occupied HU | 259 (18.3%) |
| Vacant Housing Units | 147 (10.4%) |
| Median Home Value | $370,909 |
| Average Home Value | $426,677 |
Housing Distribution
Address Breakdown
Residential
1,414
Single Family
1,414
Multi-Family
0
Businesses
141
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pamela R Barton • Heart Land Pro Realty LLC
Mls Name: MLSOK/OKCMAR
Mls ID: #1202139