1135 S Norfolk AveTulsaOK74120
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 1135 S Norfolk Ave, Tulsa, OK, 74120 in Tulsa worth modelling. At $200,000 with a 8.78% gross yield, the $1,464/mo rent leaves $187/mo after the $899/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.63 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $55,256 by year five; $1,842/yr in principal reduction adds further equity. Total projected return: $88,055.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 7.2% |
| Monthly Cash Flow | $187 | $450 |
City averages based on Tulsa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,464 |
| Total Monthly Debt Service | $1,198 |
| DSCR Ratio | 1.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1929
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74120, Tulsa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,491 (100%) |
| Owner Occupied HU | 737 (21.1%) |
| Renter Occupied HU | 2,113 (60.5%) |
| Vacant Housing Units | 641 (18.4%) |
| Median Home Value | $390,549 |
| Average Home Value | $434,274 |
Housing Distribution
Address Breakdown
Residential
2,914
Single Family
2,034
Multi-Family
880
Businesses
663
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1929
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74120, Tulsa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,491 (100%) |
| Owner Occupied HU | 737 (21.1%) |
| Renter Occupied HU | 2,113 (60.5%) |
| Vacant Housing Units | 641 (18.4%) |
| Median Home Value | $390,549 |
| Average Home Value | $434,274 |
Housing Distribution
Address Breakdown
Residential
2,914
Single Family
2,034
Multi-Family
880
Businesses
663
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Heidi Ewing • eXp Realty, LLC (BO)
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2444842
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.