1502 S Boulder Ave APT 16MTulsaOK74119
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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 Tulsa at 1502 S Boulder Ave APT 16M, Tulsa, OK, 74119 uses $53,040 cash to close to unlock $2,248/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $1,209/mo, and a $783/mo payment keeps the spread at $187/mo. Purchase price stands at $160,000, and rental yield measures 9.07% with $1,209/mo rent. Return on cash invested shows 24.15% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 125.86% and total cumulative return in cash records $66,758. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,209/mo property income covering a $783/mo payment rather than investor’s personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
No 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
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