738 S Norfolk AveTulsaOK74120
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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
Investment property for sale in Tulsa at 738 S Norfolk Ave, Tulsa, OK, 74120 listed at $505,000 pairs $3,556/mo rent with a $2,472/mo payment to leave $219/mo cash flow. Total monthly income runs $3,556/mo, and annual cash flow reaches $2,633/yr on $166,145 cash to close. Return on cash invested measures 21.65% in year one, and rental yield registers 8.45% at a $505,000 basis. Equity gained on principal adds $3,259/yr, and annual property appreciation at 5% supports $139,522 by year five. Five-year ROI tracks 112.68% and total cumulative return in cash totals $187,218. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,556/mo property income relative to a $2,472/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2004
1,960 sqft lot
$N/A/sqft
$200 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74120, Tulsa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,491 (100%) |
| Owner Occupied HU | 737 (21.1%) |
| Renter Occupied HU | 2,113 (60.5%) |
| Vacant Housing Units | 641 (18.4%) |
| Median Home Value | $390,549 |
| Average Home Value | $434,274 |
Housing Distribution
Address Breakdown
Residential
2,914
Single Family
2,034
Multi-Family
880
Businesses
663
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Listed by: Stephen Meltzer • Coldwell Banker Select
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2525996
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.