2406 S Joplin AveTulsaOK74114
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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 2406 S Joplin Ave, Tulsa, OK, 74114 uses $85,693 cash to close to unlock $3,161/yr annual cash flow and $263/mo monthly cash flow. Total monthly income runs $1,914/mo, and a $1,265/mo payment keeps the spread at $263/mo. Purchase price stands at $258,500, and rental yield measures 8.89% with $1,914/mo rent. Return on cash invested shows 23.6% in year one, and 5% annual appreciation builds toward $71,419 over five years. Five-year ROI reaches 122.9% and total cumulative return in cash records $105,315. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,914/mo property income covering a $1,265/mo payment rather than investor’s personal income.
Single Family
Built in 1955
7,927 sqft lot
$N/A/sqft
No 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
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