1515 S 89th Ave ETulsaOK74112
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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 1515 S 89th Ave E, Tulsa, OK, 74112 offers a 7.91% rental yield on a $299,000 purchase with $1,970/mo rent. Total monthly income registers $1,970/mo, and a $1,463/mo payment leaves $61/mo available for distribution. Annual cash flow reaches $732/yr on $99,119 to close, and return on cash invested stands at 20.65% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 107.05% and total cumulative return in cash at $106,102. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,970/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
1.00 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74112, Tulsa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,893 (100%) |
| Owner Occupied HU | 4,841 (44.4%) |
| Renter Occupied HU | 4,936 (45.3%) |
| Vacant Housing Units | 1,116 (10.2%) |
| Median Home Value | $173,354 |
| Average Home Value | $207,302 |
Housing Distribution
Address Breakdown
Residential
10,152
Single Family
9,244
Multi-Family
908
Businesses
833
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Listed by: Melissa Smith • Epique Realty
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2510482
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.