618 Rancho DrNormanOK73071
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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 618 Rancho Dr, Norman, OK, 73071 with 5% annual appreciation on a $169,900 basis while $1,310/mo rent supports operations. Total monthly income totals $1,310/mo and a $832/mo payment preserves $183/mo for cash returns. Annual cash flow comes to $2,190/yr on $56,322 deployed, and return on cash invested reaches 23.8% in year one. Equity gained on principal adds $1,096/yr, and five-year appreciation sums $46,940 alongside rental yield of 9.25%. Five-year ROI measures 124.3% and total cumulative return in cash totals $70,010.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,310/mo property income versus a $832/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
7,840 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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Listed by: Dakota Ake • Flotilla
Mls Name: MLSOK/OKCMAR
Mls Provider:
Mls ID: #1164754
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