405 N Main St Unit 6CTulsaOK74103
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 2.4% gross rental yield, 405 N Main St Unit 6C, Tulsa, OK, 74103 in Tulsa is priced for capital growth, not immediate cash flow. The $1,190,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $328,775 by year five, with $10,960/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.45) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $74,073.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.4% | 7.2% |
| Monthly Cash Flow | $(5,924) | $450 |
City averages based on Tulsa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,384 |
| Total Monthly Debt Service | $7,835 |
| DSCR Ratio | 0.30x |
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 2023
0.41 Acres lot
$N/A/sqft
$709 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74103, Tulsa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,168 (100%) |
| Owner Occupied HU | 47 ( 4.0%) |
| Renter Occupied HU | 893 (76.5%) |
| Vacant Housing Units | 228 (19.5%) |
| Median Home Value | $430,000 |
| Average Home Value | $513,032 |
Housing Distribution
Address Breakdown
Residential
894
Single Family
471
Multi-Family
423
Businesses
693
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 2023
0.41 Acres lot
$N/A/sqft
$709 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74103, Tulsa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,168 (100%) |
| Owner Occupied HU | 47 ( 4.0%) |
| Renter Occupied HU | 893 (76.5%) |
| Vacant Housing Units | 228 (19.5%) |
| Median Home Value | $430,000 |
| Average Home Value | $513,032 |
Housing Distribution
Address Breakdown
Residential
894
Single Family
471
Multi-Family
423
Businesses
693
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Philip Shain • The Agency
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2536508
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.