1502 S Boulder Ave APT 8LTulsaOK74119
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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 8L, Tulsa, OK, 74119 uses $39,780 cash to close to unlock $1,632/yr annual cash flow and $136/mo monthly cash flow. Total monthly income runs $1,355/mo, and a $587/mo payment keeps the spread at $136/mo. Purchase price stands at $120,000, and rental yield measures 13.55% with $1,355/mo rent. Return on cash invested shows 24.01% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 130.03% and total cumulative return in cash records $51,727. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,355/mo property income covering a $587/mo payment rather than investor’s personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
$453 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
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Listed by: Lisa Williams • McGraw, REALTORS
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2503641
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.