1502 S Boulder Ave APT 18KTulsaOK74119
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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 18K, Tulsa, OK, 74119 offers a 11.14% rental yield on a $115,000 purchase with $1,068/mo rent. Total monthly income registers $1,068/mo, and a $563/mo payment leaves $333/mo available for distribution. Annual cash flow reaches $4,002/yr on $38,123 to close, and return on cash invested stands at 30.41% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 159.46% and total cumulative return in cash at $60,789. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,068/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1965
0.77 Acres 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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