2346 S 118th Ave ETulsaOK74129
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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
Rental property for sale in Tulsa at 2346 S 118th Ave E, Tulsa, OK, 74129 generates $1,562/mo in rent and, after a $808/mo payment, leaves $508/mo in cash flow. Total monthly income is $1,562/mo, and annual cash flow is $6,094/yr on $54,698 invested. Return on cash invested sits at 31.05% in year one, and rental yield is 11.36% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 162.85% and total cumulative return in cash sums $89,075. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,562/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
8,145 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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