401 12th Ave #137NormanOK73071
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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 401 12th Ave #137, Norman, OK, 73071 offers a 9.25% rental yield on a $115,000 purchase with $886/mo rent. Total monthly income registers $886/mo, and a $563/mo payment leaves $151/mo available for distribution. Annual cash flow reaches $1,818/yr on $38,123 to close, and return on cash invested stands at 24.68% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 128.74% and total cumulative return in cash at $49,077. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $886/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1976
3,484 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
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