2318 S 118th East AveTulsaOK74129
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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 2318 S 118th East Ave, Tulsa, OK, 74129 uses $43,095 cash to close to unlock $2,401/yr annual cash flow and $200/mo monthly cash flow. Total monthly income runs $1,030/mo, and a $636/mo payment keeps the spread at $200/mo. Purchase price stands at $130,000, and rental yield measures 9.51% with $1,030/mo rent. Return on cash invested shows 25.48% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 133.08% and total cumulative return in cash records $57,351. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,030/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1970
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74129, Tulsa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,954 (100%) |
| Owner Occupied HU | 3,540 (44.5%) |
| Renter Occupied HU | 3,635 (45.7%) |
| Vacant Housing Units | 779 ( 9.8%) |
| Median Home Value | $159,826 |
| Average Home Value | $227,340 |
Housing Distribution
Address Breakdown
Residential
7,596
Single Family
7,098
Multi-Family
498
Businesses
464
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Listed by: Alexandria Claire Glenn • Keller Williams Preferred
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2514487
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.