704 Morningside 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 704 Morningside Dr, Norman, OK, 73071 with 5% annual appreciation on a $322,500 basis while $3,137/mo rent supports operations. Total monthly income totals $3,137/mo and a $1,578/mo payment preserves $1,078/mo for cash returns. Annual cash flow comes to $12,935/yr on $106,909 deployed, and return on cash invested reaches 32.01% in year one. Equity gained on principal adds $2,081/yr, and five-year appreciation sums $89,101 alongside rental yield of 11.67%. Five-year ROI measures 167.97% and total cumulative return in cash totals $179,576.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,137/mo property income versus a $1,578/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1953
10,402 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: Brian Eddins • Dillard Cies Real Estate
Mls Name: MLSOK/OKCMAR
Mls Provider:
Mls ID: #1187575
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-24 02:42:50 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#88)