Value up to $139K, 23 Comps Confirmed Updated 6 days ago • 2 new comps More about this home Neighborhood Assessment The Irving neighborhood in Tulsa's 74127 zipcode offers classic charm with 1916-era homes like this 930 sqft single-family at 1510 W Bowen Pl. Nearby comps value ~$110K-$200K, aligning with its $127K Zestimate—solid for investors eyeing value stability. But low school ratings (1-3/10) and moderate climate risks (heat, wind) temper appeal. Walkability's fair, though no big developments pop up nearby.
It's a steady but unexciting block—comps show consistent pricing without rapid appreciation. Taxes run low at ~$330/yr, a plus for cash flow. Market Activity + Ask a question in the app Rental Income $14K Yield 10.9% Year 1 Estimates
Fix-and-Flip Modernizing your home significantly boosts value. Updated spaces command a premium price per square foot, jumping from $146 to $182—a 24% increase. This transformation helps your property stand out, attracting buyers eager for move-in ready comfort.
These upgrades unlock excellent potential, pushing rent income up by roughly $150 monthly. With a value increase of $33,116, refreshing your property creates a more desirable living space while building long-term equity and lasting neighborhood appeal. Comps 4 Uplift +24% Buy-Rehab-Rent This 930-square-foot property offers solid potential, with post-renovation values reaching between $165,000 and $182,000. Strategic upgrades bridge the gap from baseline market values, capturing significant equity while aligning the home with high-performing, renovated local inventory.
Projected rental income hits $1,219 monthly, delivering a steady 8.4% yield. These figures suggest a reliable BRR opportunity, provided renovation costs are tightly managed to maximize the spread between total investment and final appraisal value. Rental Income $15K Yield 8.4% Year 1 Estimates, Post Typical Renovation Estimated value $127K Comparative Market Analysis $104K – $230K ~71 days to sell Based on 8 comps To bring this 1916 Tulsa cottage up to modern market standards, you're looking at a full interior and exterior overhaul. Since the records show no current heating or cooling, a new HVAC system is your first priority to make the home livable and protect your investment.
Focus on durable, mid-range finishes to maximize your return. In the Tulsa market, clean and functional wins over high-end luxury for this square footage. Here is a breakdown of the estimated costs for a full gut renovation:
| Renovation Item | Estimated Cost |
| :--- | :--- |
| Full HVAC Install (Heat & Air) | $8,500 - $11,000 |
| Kitchen Gut (Cabinets, Quartz, SS Apps) | $12,000 - $15,000 |
| Bathroom Remodel (Tile, Vanity, Fixtures) | $6,000 - $8,000 |
| Flooring (LVP throughout 930 sqft + Basement) | $7,500 - $9,500 |
| Electrical & Plumbing Upgrades | $5,000 - $8,000 |
| Interior/Exterior Paint & Drywall Repair | $6,500 - $8,500 |
| Windows & Landscaping | $5,000 - $7,000 |
| Total Estimated Budget | $50,500 - $67,000 |
Don't forget that these improvements increase your cost basis, which is a huge win for lowering your capital gains tax when you eventually sell.
With Frontflip’s Market Value Potential estimating a top-end value of $171,000, keeping your rehab under $60k ensures you're building equity rather than over-improving for the Irving neighborhood.
What's a smart offer price? Deciding on an offer for this Tulsa classic depends on whether you're looking for a steady rental or a flip. The current valuation sits at $127,300, but with a potential market value up to $171,000 after some love, there’s definitely meat on the bone.
One big red flag in the data: the cooling and heating are listed as "None." In a 1916 build, installing a modern HVAC system is a $10k+ job. I’d use that as your primary leverage to get the price down.
| Purchase Strategy | Target Offer | The Reasoning |
| :--- | :--- | :--- |
| Investor / Fixer | $105,000 - $110,000 | Accounts for HVAC install and cosmetic updates. |
| Buy & Hold | $118,000 - $123,000 | Secures a ~10% yield with $1,250/mo rent potential. |
| Market Baseline | $127,300 | Fair price if the home is already move-in ready. |
Keep these tips in mind before signing:
The HVAC Factor: Confirm the heating situation. If it's truly missing, don't pay a penny over $115k.
Rental Strength: This neighborhood is a rental stronghold. Even with low school scores, the 10.8% yield makes it an investor's dream.
Taxes: At only $332/year, your carrying costs are incredibly low, which protects your bottom line if it sits vacant for a month. Does this Tulsa flip make sense? If you're snagging this property for way under its $127k current valuation, you're sitting on a potential goldmine. Even with a high-end $67k renovation budget, the math points toward a win. Our market analysis shows an After Repair Value (ARV) between $154,000 and $171,000.
With annual taxes at a tiny $332, your carrying costs are incredibly low. This gives you a massive safety net while you manage the rehab. Whether you decide to flip it or hold it as a rental, the spreads look very healthy.
| Deal Analysis | Estimated Value |
| :--- | :--- |
| Top-End Exit Value (ARV) | $171,000 |
| Your Max Repair Budget | $67,000 |
| Est. Monthly Rent | $1,250 |
| Annual Property Taxes | $332 |
If you end up all-in for around $110k and sell for $160k+, you're looking at a $50k payday before closing costs.
Alternatively, keeping this as a rental is a smart move for your pocket. A $1,250 monthly rent on a $110k total investment delivers a double-digit yield. Just keep an eye on those school ratings; they are a bit low, which might slow down long-term appreciation for families. Winning Fix & Flip Strategy To secure this 1916 Tulsa cottage for a successful flip, you need to lead with a cash offer of $78,000. While the Zestimate sits at $127k, your profit margin disappears if you pay a penny over $85k given the renovation requirements.
| Item | Estimated Value |
| :--- | :--- |
| After Repair Value (ARV) | $162,500 |
| Target Buy Price | $78,000 |
| Est. Renovation Budget | $40,000 |
| Estimated Profit | $28,000 - $35,000 |
Here is why this offer is "unrefusable" when pitched correctly:
Modernization Gap: The property lacks a primary heating/cooling system. Installing a full HVAC system in a 100-year-old home is a massive $10k-$15k headache most retail buyers won't touch.
Speed is King: Mention the 125-day median market time for this area. A 10-day cash close saves the seller months of utility bills, taxes, and the risk of a deal falling through.
Risk Mitigation: Point out the "Major" heat risk and 1916 foundation. You're taking on the structural liability they've lived with for years.
Keep your renovation focused on the kitchen and bath. Since the schools are rated 1-3/10, your buyers won't be wealthy families; they’ll be young professionals or downsizers looking for a clean, historic aesthetic. Stick to your numbers—this is a business move, not a charity one. Estimated Roof Replacement Cost For a 930 sqft ranch-style home in Tulsa, you're likely looking at a roof area of about 1,400 sqft (or 14 squares) once you account for the pitch and overhangs. Given the 1916 build date, we should budget for potential decking repairs too.
| Project Component | Estimated Range |
| :--- | :--- |
| Material & Labor (Asphalt) | $5,100 - $6,800 |
| Decking/Plywood Repairs | $800 - $1,500 |
| Total Estimated Cost | $5,900 - $8,300 |
Since your current cost basis is $67,000 and the Market Value Potential shows this property could be worth up to $171,000, you have plenty of room to absorb this expense.
In a wind-prone area like Tulsa, a new roof isn't just maintenance—it's a massive selling point that protects your investment and helps with insurance premiums. Just make sure to get at least three quotes; prices in the 74127 zip code can vary wildly between local contractors. 1510 W Bowen Pl, Tulsa Investment Report: Flip & Rental Analysis · Frontflip