6240 E Latimer PlTulsaOK74115
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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 6240 E Latimer Pl, Tulsa, OK, 74115 generates $1,181/mo in rent and, after a $857/mo payment, leaves $63/mo in cash flow. Total monthly income is $1,181/mo, and annual cash flow is $756/yr on $58,013 invested. Return on cash invested sits at 21.21% in year one, and rental yield is 8.1% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 110.06% and total cumulative return in cash sums $63,847. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,181/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74115, Tulsa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,519 (100%) |
| Owner Occupied HU | 4,244 (44.6%) |
| Renter Occupied HU | 4,230 (44.4%) |
| Vacant Housing Units | 1,045 (11.0%) |
| Median Home Value | $75,082 |
| Average Home Value | $205,539 |
Housing Distribution
Address Breakdown
Residential
9,024
Single Family
8,839
Multi-Family
185
Businesses
997
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Listed by: Kelsy Portillo • McGraw, REALTORS
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2526871
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.