3631 60th Ave NENormanOK73026
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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 3631 60th Ave NE, Norman, OK, 73026 uses $111,019 cash to close to unlock $2,249/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $2,326/mo, and a $1,639/mo payment keeps the spread at $187/mo. Purchase price stands at $334,900, and rental yield measures 8.33% with $2,326/mo rent. Return on cash invested shows 21.94% in year one, and 5% annual appreciation builds toward $92,527 over five years. Five-year ROI reaches 113.98% and total cumulative return in cash records $126,541. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,326/mo property income covering a $1,639/mo payment rather than investor’s personal income.
Single Family
Built in 1966
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73026, Norman, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,194 (100%) |
| Owner Occupied HU | 4,270 (82.2%) |
| Renter Occupied HU | 547 (10.5%) |
| Vacant Housing Units | 377 ( 7.3%) |
| Median Home Value | $310,137 |
| Average Home Value | $362,038 |
Housing Distribution
Address Breakdown
Residential
4,938
Single Family
4,907
Multi-Family
31
Businesses
71
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