2224 S Boston Ave #E223TulsaOK74114
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2224 S Boston Ave #E223, Tulsa, OK, 74114 in Tulsa carries a 1.68 coverage ratio, rent of $908/mo is 1.68 times the $540/mo payment. Rental yield 9.18%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $120,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $33,154; total projected cumulative return: $24,105.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 7.2% |
| Monthly Cash Flow | $(358) | $450 |
City averages based on Tulsa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $908 |
| Total Monthly Debt Service | $1,229 |
| DSCR Ratio | 0.74x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1964
N/A lot
$N/A/sqft
$510 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74114, Tulsa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,453 (100%) |
| Owner Occupied HU | 5,499 (65.1%) |
| Renter Occupied HU | 2,218 (26.2%) |
| Vacant Housing Units | 736 ( 8.7%) |
| Median Home Value | $310,439 |
| Average Home Value | $470,265 |
Housing Distribution
Address Breakdown
Residential
7,551
Single Family
6,906
Multi-Family
645
Businesses
400
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 1964
N/A lot
$N/A/sqft
$510 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74114, Tulsa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,453 (100%) |
| Owner Occupied HU | 5,499 (65.1%) |
| Renter Occupied HU | 2,218 (26.2%) |
| Vacant Housing Units | 736 ( 8.7%) |
| Median Home Value | $310,439 |
| Average Home Value | $470,265 |
Housing Distribution
Address Breakdown
Residential
7,551
Single Family
6,906
Multi-Family
645
Businesses
400
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Camille Stottlemyre • Keller Williams Advantage
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2516050
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.