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$199,000

For Sale - Active
3905 N Elgin Ave, Tulsa, OK 74106
4 Beds
2 Baths
1,840 Square Feet
0.30 Acres Lot
Built in 1960
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Sep 19, 2025 at 10:03AM

Investment Summary


Monthly Cash Flow
$89
Cap Rate
6.2%
Cash-on-Cash Return
2.3%
Debt Coverage Ratio
1.09
Internal Rate of Return (5 years)
6.3%

Property Description


0.30 Acres Lot
Built in 1960
For Sale - Active
Units n/a

Welcome to 3905 N Elgin Ave, this well-kept two-story home offers 4 bedrooms, 2 bathrooms, and a generously sized layout. It sits at the end of a quiet cul-de-sac and comes with an adjoining lot, giving you more outdoor space or room to expand. New HVAC installed, and the home has been well maintained over the years. With a practical layout and plenty of room inside and out, this property is a good fit for someone looking for space and potential. It could also be a great opportunity for an investor looking to add value, build on the extra lot, or hold as a rental property. Come take a look today!

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Location


Property Details


Parking

  • Description: Built-in
  • Details: Attached, Garage, Asphalt
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 2
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Slab
  • Roof Type: Gable or Hip
  • Roof Material: Shingle, Wood

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 07675021301670
  • Lot Size: 12934 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1960

Tax Information

  • Annual Tax: $874

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Tulsa

Listing Details


Listed by:
Armon Henderson
Linked Realty LLC
(918) 637-5660

Source:
MLS Technology
MLS#: 2529135
MLS Technology

Investment Summary


Monthly Cash Flow
$89
Cap Rate
6.2%
Cash-on-Cash Return
2.3%
Debt Coverage Ratio
1.09
Internal Rate of Return (5 years)
6.3%

Purchase Details

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Purchase price:
$199,000
Amount financed:
-$159,200
Down payment:
$39,800
Closing costs:
$5,970
Rehab costs:
$0
Initial cash invested:
$45,770
Square feet:
1,840
Cost per square foot:
$108
Monthly rent per square foot:
$0.87

Financing Details

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Loan amount:
$159,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$942
Property tax:
$73
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,127

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$73-$874
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$473-$5,674

Cash Flow


Monthly Yearly
Net operating income:
$1,031 $12,372
Mortgage payments:
-$942 -$11,304
Cash flow:
$89 $1,068