Morrison Plan, Red Canyon RanchNormanOK73071
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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 Morrison Plan, Red Canyon Ranch, Norman, OK, 73071 offers a 8.39% rental yield on a $404,757 purchase with $2,830/mo rent. Total monthly income registers $2,830/mo, and a $1,981/mo payment leaves $245/mo available for distribution. Annual cash flow reaches $2,943/yr on $134,177 to close, and return on cash invested stands at 22.1% in year one. Equity gained on principal adds $2,612/yr while 5% annual appreciation supports $111,827 over five years. Portfolio math shows five-year ROI at 114.89% and total cumulative return in cash at $154,149. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,830/mo property income against a $1,981/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A 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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