638 Red Cedar WayNormanOK73069
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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 638 Red Cedar Way, Norman, OK, 73069 offers a 8.76% rental yield on a $391,700 purchase with $2,858/mo rent. Total monthly income registers $2,858/mo, and a $1,917/mo payment leaves $357/mo available for distribution. Annual cash flow reaches $4,281/yr on $129,849 to close, and return on cash invested stands at 23.21% in year one. Equity gained on principal adds $2,528/yr while 5% annual appreciation supports $108,219 over five years. Portfolio math shows five-year ROI at 120.79% and total cumulative return in cash at $156,842. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,858/mo property income against a $1,917/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
9,286 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73069, Norman, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,463 (100%) |
| Owner Occupied HU | 5,435 (40.4%) |
| Renter Occupied HU | 6,471 (48.1%) |
| Vacant Housing Units | 1,557 (11.6%) |
| Median Home Value | $241,841 |
| Average Home Value | $295,971 |
Housing Distribution
Address Breakdown
Residential
12,796
Single Family
12,065
Multi-Family
731
Businesses
1,977
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