508 N Florence PlTulsaOK74110
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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 508 N Florence Pl, Tulsa, OK, 74110 priced at $217,000 converts $1,614/mo rent into $176/mo cash flow after a $1,062/mo obligation. Total monthly income equals $1,614/mo, and annual cash flow totals $2,113/yr on $71,936 invested. Return on cash invested prints 22.85% in year one, and rental yield reads 8.93% against a $217,000 entry. Equity gained on principal adds $1,400/yr, while 5% annual appreciation compiles into $59,953 by year five. Five-year ROI reaches 119.21% and total cumulative return in cash sums $85,757. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,614/mo property income covering a $1,062/mo payment, not borrower’s personal income.
Single Family
Built in 1946
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74110, Tulsa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,219 (100%) |
| Owner Occupied HU | 2,399 (38.6%) |
| Renter Occupied HU | 2,996 (48.2%) |
| Vacant Housing Units | 824 (13.2%) |
| Median Home Value | $73,477 |
| Average Home Value | $187,708 |
Housing Distribution
Address Breakdown
Residential
5,596
Single Family
5,497
Multi-Family
99
Businesses
435
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Listed by: Jackie Shields • Keller Williams Premier
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2545464
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.