1502 S Boulder Ave APT 10ETulsaOK74119
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis is a cash-flow-light asset: 1502 S Boulder Ave APT 10E, Tulsa, OK, 74119 in Tulsa, $122,500, 12.86% gross yield, $67/mo net income. Consider it a market-entry position, the $1,313/mo rent covers the $551/mo payment with a margin, and 5%/yr appreciation is projected to add $33,844 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 2.38) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $52,970.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.9% | 7.2% |
| Monthly Cash Flow | $67 | $450 |
City averages based on Tulsa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,313 |
| Total Monthly Debt Service | $1,197 |
| DSCR Ratio | 1.10x |
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.
Condo
Built in 1965
N/A lot
$N/A/sqft
$458 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74119, Tulsa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,090 (100%) |
| Owner Occupied HU | 646 (20.9%) |
| Renter Occupied HU | 1,885 (61.0%) |
| Vacant Housing Units | 559 (18.1%) |
| Median Home Value | $351,961 |
| Average Home Value | $377,322 |
Housing Distribution
Address Breakdown
Residential
3,081
Single Family
844
Multi-Family
2,237
Businesses
621
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
Condo
Built in 1965
N/A lot
$N/A/sqft
$458 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74119, Tulsa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,090 (100%) |
| Owner Occupied HU | 646 (20.9%) |
| Renter Occupied HU | 1,885 (61.0%) |
| Vacant Housing Units | 559 (18.1%) |
| Median Home Value | $351,961 |
| Average Home Value | $377,322 |
Housing Distribution
Address Breakdown
Residential
3,081
Single Family
844
Multi-Family
2,237
Businesses
621
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices