1502 S Boulder Ave APT 8LTulsaOK74119
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow1502 S Boulder Ave APT 8L, Tulsa, OK, 74119 in Tulsa earns a respectable 13.55% gross yield at $120,000, but after the $540/mo mortgage the net cash flow is $135/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (2.51) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $33,154 over five years, making equity the dominant return driver. Total projected return: $56,277.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.6% | 7.2% |
| Monthly Cash Flow | $135 | $450 |
City averages based on Tulsa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,355 |
| Total Monthly Debt Service | $1,172 |
| DSCR Ratio | 1.16x |
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
$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
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
$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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.