450 W 7th St APT 2008TulsaOK74119
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 450 W 7th St APT 2008, Tulsa, OK, 74119 in Tulsa achieves 1.83, rent of $2,472/mo covers the $1,349/mo payment 1.5x over at $300,000. Rental yield 9.89%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $82,884 over five years, with $2,763/yr in principal reduction bringing total projected return to $48,376.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 7.2% |
| Monthly Cash Flow | $(1,135) | $450 |
City averages based on Tulsa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,472 |
| Total Monthly Debt Service | $3,487 |
| DSCR Ratio | 0.71x |
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 1970
N/A lot
$N/A/sqft
$1,691 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74119, Tulsa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,090 (100%) |
| Owner Occupied HU | 646 (20.9%) |
| Renter Occupied HU | 1,885 (61.0%) |
| Vacant Housing Units | 559 (18.1%) |
| Median Home Value | $351,961 |
| Average Home Value | $377,322 |
Housing Distribution
Address Breakdown
Residential
3,081
Single Family
844
Multi-Family
2,237
Businesses
621
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 1970
N/A lot
$N/A/sqft
$1,691 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74119, Tulsa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,090 (100%) |
| Owner Occupied HU | 646 (20.9%) |
| Renter Occupied HU | 1,885 (61.0%) |
| Vacant Housing Units | 559 (18.1%) |
| Median Home Value | $351,961 |
| Average Home Value | $377,322 |
Housing Distribution
Address Breakdown
Residential
3,081
Single Family
844
Multi-Family
2,237
Businesses
621
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JoAnna Blackstock • Keller Williams Advantage
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2432690
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.