502 E 40th St NTulsaOK74106
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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 502 E 40th St N, Tulsa, OK, 74106 generates $1,530/mo in rent and, after a $827/mo payment, leaves $451/mo in cash flow. Total monthly income is $1,530/mo, and annual cash flow is $5,411/yr on $56,024 invested. Return on cash invested sits at 29.57% in year one, and rental yield is 10.86% on a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 154.9% and total cumulative return in cash sums $86,779. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,530/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74106, Tulsa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,149 (100%) |
| Owner Occupied HU | 3,112 (38.2%) |
| Renter Occupied HU | 3,886 (47.7%) |
| Vacant Housing Units | 1,151 (14.1%) |
| Median Home Value | $156,221 |
| Average Home Value | $222,871 |
Housing Distribution
Address Breakdown
Residential
6,947
Single Family
6,506
Multi-Family
441
Businesses
333
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