1538 S Owasso AveTulsaOK74120
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Tulsa rental at 1538 S Owasso Ave, Tulsa, OK, 74120 sits in the solid-income band: 8.36% gross yield, $4,619/mo rent, $357/mo net after the $2,981/mo debt service, DSCR 1.55. Entry price of $663,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $183,175 and $6,106/yr in principal reduction bring total cumulative return to $275,120.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 7.2% |
| Monthly Cash Flow | $357 | $450 |
City averages based on Tulsa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,619 |
| Total Monthly Debt Service | $3,998 |
| 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.
Single Family
Built in 1918
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74120, Tulsa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,491 (100%) |
| Owner Occupied HU | 737 (21.1%) |
| Renter Occupied HU | 2,113 (60.5%) |
| Vacant Housing Units | 641 (18.4%) |
| Median Home Value | $390,549 |
| Average Home Value | $434,274 |
Housing Distribution
Address Breakdown
Residential
2,914
Single Family
2,034
Multi-Family
880
Businesses
663
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
Single Family
Built in 1918
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74120, Tulsa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,491 (100%) |
| Owner Occupied HU | 737 (21.1%) |
| Renter Occupied HU | 2,113 (60.5%) |
| Vacant Housing Units | 641 (18.4%) |
| Median Home Value | $390,549 |
| Average Home Value | $434,274 |
Housing Distribution
Address Breakdown
Residential
2,914
Single Family
2,034
Multi-Family
880
Businesses
663
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Taylor Bush • Anthem Realty
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2502765
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.