3508 Madra StNormanOK73071
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
Investment property for sale in Norman at 3508 Madra St, Norman, OK, 73071 uses $86,157 cash to close to unlock $4,972/yr annual cash flow and $414/mo monthly cash flow. Total monthly income runs $2,074/mo, and a $1,272/mo payment keeps the spread at $414/mo. Purchase price stands at $259,900, and rental yield measures 9.58% with $2,074/mo rent. Return on cash invested shows 25.68% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 134.08% and total cumulative return in cash records $115,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,074/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Single Family
Built in 1994
9,583 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