1812 S 71ST EAST AVE

TULSA, OK 74112
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3 bd, 2 ba | 1,362 sqft | Built in 1961

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List Price
$189,900

Initial Investment

$51,748

Purchase Price

$189,900

Down Payment

25%

Rent

$1,310

Total Return

$60,845

Annualized Return

16.7%

Cap Rate

5.5%

Gross Yield

8.3%

Cash Flow

-$498

Appreciation

6.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,930

HOA

None

Flood Risk

Not Required

New Charming Ranch-Style 3-1½ with a Backyard Oasis at a price that's hard to beat! This beautifully maintained ranch-style home offers a great blend of character and modern updates, and is located in the fantastic neighborhood of Leisure Lanes just minutes away from the Expo Center and Downtown Tulsa! Designed by the original owner, a landscape architect, the backyard is a true oasis featuring a charming small pond, a paved walkway, and an arched garden entry—an ideal space for relaxation or entertaining.
This flexible floor plan has three bedrooms, including a Master has a large closet, and includes its own tastefully updated half bath, and a separate dining room that can also be used as a second living space or flex room. It also features tons storage with built-ins, fresh interior and exterior paint, and a charming midcentury bathroom. Other major updates include a newer roof, new water heater, new dishwasher, and updated HVAC with ducts relocated to the attic for improved efficiency.
With great bones and updated mechanicals, this home is move-in ready while still allowing for the ability to put your own touch on it and grab some built-in equity. This is one you won't want to miss!

See more in Analysis
Garrett Ayers
The Investor's Broker, LLC
OK Agent License #171032

Annual Financial Highlights

Expected Rent

$14,934

Expenses

-$2,658

Property Taxes

-$2,450

Loan Payments

-$10,324

Net Cash Flow

-$498

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Luke Rentz
Agent License 183210
Keller Williams Preferred
Certified Agent Brokerage:Garrett Ayers
The Investor's Broker, LLC
OK Brokerage License 182658
SourceMLS Technology Inc. (Tulsa)
MLS #2506264
Last Updated: 02/14/2025 19:02
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