3003 River Oaks Dr APT 239NormanOK73072
INVESTMENT ANALYSIS
Investment Verdict
Solid Income3003 River Oaks Dr APT 239, Norman, OK, 73072 in Norman carries a 1.73 coverage ratio, rent of $1,123/mo is 1.73 times the $648/mo payment. Rental yield 9.36%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $144,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $39,785; total projected cumulative return: $48,810.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.5% |
| Monthly Cash Flow | $(113) | $850 |
City averages based on Norman market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,123 |
| Total Monthly Debt Service | $1,179 |
| DSCR Ratio | 0.95x |
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.
Condo
Built in 1982
2,178 sqft lot
$N/A/sqft
$3,804 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73072, Norman, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,203 (100%) |
| Owner Occupied HU | 10,155 (47.9%) |
| Renter Occupied HU | 9,262 (43.7%) |
| Vacant Housing Units | 1,786 ( 8.4%) |
| Median Home Value | $333,766 |
| Average Home Value | $394,286 |
Housing Distribution
Address Breakdown
Residential
20,601
Single Family
16,268
Multi-Family
4,333
Businesses
1,069
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
Condo
Built in 1982
2,178 sqft lot
$N/A/sqft
$3,804 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73072, Norman, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,203 (100%) |
| Owner Occupied HU | 10,155 (47.9%) |
| Renter Occupied HU | 9,262 (43.7%) |
| Vacant Housing Units | 1,786 ( 8.4%) |
| Median Home Value | $333,766 |
| Average Home Value | $394,286 |
Housing Distribution
Address Breakdown
Residential
20,601
Single Family
16,268
Multi-Family
4,333
Businesses
1,069
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer White • Metro Brokers of Oklahoma Cent
Mls Name: MLSOK/OKCMAR
Mls Provider:
Mls ID: #1126635
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