850 Baltic AveNORMANOK73026
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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
Rental property for sale in NORMAN at 850 Baltic Ave, NORMAN, OK, 73026 priced at $695,000 converts $3,192/mo rent into after a $3,402/mo obligation. Total monthly income equals $3,192/mo. Return on cash invested prints 13.52% in year one, and rental yield reads 5.51% against a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation compiles into $192,016 by year five. Five-year ROI reaches 68.8% and total cumulative return in cash sums $157,326. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,192/mo property income covering a $3,402/mo payment, not borrower’s personal income.
Single Family
Built in 1983
10 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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