Blue Spruce Plus Plan, Cedar LaneNormanOK73072
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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 Blue Spruce Plus Plan, Cedar Lane, Norman, OK, 73072 priced at $408,340 converts $2,872/mo rent into $264/mo cash flow after a $1,999/mo obligation. Total monthly income equals $2,872/mo, and annual cash flow totals $3,167/yr on $135,365 invested. Return on cash invested prints 22.25% in year one, and rental yield reads 8.44% against a $408,340 entry. Equity gained on principal adds $2,635/yr, while 5% annual appreciation compiles into $112,817 by year five. Five-year ROI reaches 115.65% and total cumulative return in cash sums $156,546. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,872/mo property income covering a $1,999/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 73072, Norman, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,203 (100%) |
| Owner Occupied HU | 10,155 (47.9%) |
| Renter Occupied HU | 9,262 (43.7%) |
| Vacant Housing Units | 1,786 ( 8.4%) |
| Median Home Value | $333,766 |
| Average Home Value | $394,286 |
Housing Distribution
Address Breakdown
Residential
20,601
Single Family
16,268
Multi-Family
4,333
Businesses
1,069
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