3623 E 115th Pl STulsaOK74137
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 3623 E 115th Pl S, Tulsa, OK, 74137 in Tulsa deserves attention. This $590,000 property earns $3,386/mo in rent, a 10.41% gross yield, and nets $1,208/mo after the $2,653/mo payment. DSCR 1.28 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $163,006 compounds alongside $5,434/yr in yearly equity build, for a total cumulative return of $180,217.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 7.2% |
| Monthly Cash Flow | $1,208 | $450 |
City averages based on Tulsa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,386 |
| Total Monthly Debt Service | $3,858 |
| DSCR Ratio | 0.88x |
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.
Single Family
Built in 2021
10,149 sqft lot
$N/A/sqft
$1,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74137, Tulsa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,369 (100%) |
| Owner Occupied HU | 7,612 (61.5%) |
| Renter Occupied HU | 4,108 (33.2%) |
| Vacant Housing Units | 649 ( 5.2%) |
| Median Home Value | $402,007 |
| Average Home Value | $472,856 |
Housing Distribution
Address Breakdown
Residential
11,933
Single Family
10,105
Multi-Family
1,828
Businesses
750
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 2021
10,149 sqft lot
$N/A/sqft
$1,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74137, Tulsa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,369 (100%) |
| Owner Occupied HU | 7,612 (61.5%) |
| Renter Occupied HU | 4,108 (33.2%) |
| Vacant Housing Units | 649 ( 5.2%) |
| Median Home Value | $402,007 |
| Average Home Value | $472,856 |
Housing Distribution
Address Breakdown
Residential
11,933
Single Family
10,105
Multi-Family
1,828
Businesses
750
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Warden • Chinowth & Cohen
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2518622
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.