6152 S Madison Pl Unit C · Tulsa, OK 74136

$79,999

2 bd · 1.5 ba · 954 sqft · Condo · 48 Days on market

Built 1968 Good condition $250/mo HOA · 24% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +13.5/30.0
• 1% rule +7.8/10.0
• ARV discount +7.5/15.0
• DSCR +4.1/10.0
• Condition / age +4.0/5.0
• Livability +3.8/5.0
• Rent growth +2.7/5.0
• Schools +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks

Brand new flooring throughout, fresh paint. Sheet rock out remodel in 2017. Electrical panel and entire system was updated in 2016. Amazing kitchen with New over the range microwave, newer cabinets, counters, plumbing, fixtures, appliances, windows. Inside laundry. Gas Water heater is 1 year old. High efficiency gas furnace, plumbing checked and updated in 2016. Pool on property. 2 spacious bedrooms upstairs with a full bathroom & guest bathroom on main level. Close to river parks and the gathering place.

Key facts

• Complete rewire
• Newer cabinets
• Fresh paint

Tags

• NEW FLOORING
• FRESH PAINT
• REMODEL IN 2017
• NEW ELECTRIC PANEL
• COMPLETE REWIRE
• NEWER CABINETS

Property features AI

Finance

• Financial info: Pets allowed
• HOA & community: Homeowners association with a $250 monthly fee; HOA covers structure maintenance, sewer, trash and water; Community pool; Sidewalks in community

Exterior

• Parking: Asphalt parking
• Security: Smoke detectors; No safety shelter
• Utilities: Electricity available; Public water; Public sewer
• Home design: Single-story listing designation; Property faces east; Slab foundation
• Construction: Brick and wood frame construction; Asphalt/fiberglass roof
• Exterior features: Landscaped yard; Patio; Full perimeter fencing; Zero lot line

Interior

• Kitchen: Eat-in kitchen with breakfast nook; Gas range/oven; Oven; Range; Stove; Dishwasher
• Bedrooms: Two upstairs bedrooms each with walk-in closets
• Flooring: Carpet; Vinyl
• Bathrooms: One full bathroom; One half bathroom; Hall bath (full) on first floor
• Heating & cooling: Central heating (gas); Central air conditioning
• Interior features: Vinyl windows; Insulated and storm doors; Laminate countertops; Ceiling fans; Gas range and gas oven connections
• Laundry & utility: Washer hookup; Electric dryer hookup; Washer; Dryer; Separate inside utility room on first floor

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $80k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $3 ($40/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $78k (3.0% below list) — sets the bar for market timing.
• Cap rate 6.3% vs local median 3.8% in Tulsa — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#13 in OK, #4,058 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment D-.
• Tulsa (urban): math 7% / reading 12% proficiency, ranked #250 of 270 in OK (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 76% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Project Accept Traice Es (math 10% / reading 10%, grade F, #695 of 845 statewide, top 84%, 558 students, 0% FRL); Monroe Demonstration Ms (math 0% / reading 2%, grade F, #344 of 345 statewide, top 100%, 688 students, 0% FRL); Booker T. Washington Hs (math 41% / reading 61%, grade D+, #2 of 447 statewide, top 0%, 1,280 students, 0% FRL) — zoned schools average 0% FRL vs 76% district-wide (76 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents flat; 173 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 2,818 units permitted in Tulsa County in 2024 (518 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $553 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Tulsa County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 19y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: HOA is 24% of rent.
• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $77,599 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.28% ✓
• Cap rate: 6.34%
• Cash-on-cash: 0.18%
• DSCR: 1.01
• GRM: 6.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.74% rent growth · sell at horizon

5-year hold

• IRR: -19.5%
• Equity multiple: 0.34×
• Total profit: $-14,851
• Equity at exit: $11,928

10-year hold

• IRR: -20.9%
• Equity multiple: 0.07×
• Total profit: $-20,871
• Equity at exit: $6,917

Cash invested: $22,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Oklahoma: 83 Strongly Landlord-Friendly · R+20
• County: — inherits STATE
• City: — inherits STATE

5-day notice; strongly landlord-favorable.

Methodology + full state rankings →

ZIP-level market 74136

• Home prices YoY: -31.4%
• Rents YoY: 0.7%
• Active inventory: 173
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,020 high
• Mortgage (P&I): −$420
• Tax est. 1.5%: −$100 /mo · $1,200/yr
• Insurance: −$33
• HOA: −$250
• Vacancy / Maint / Mgmt: −$214
• Net cashflow: $3

Break-even live

Break-even rent $1,016

Max offer price $79,999

Occupancy floor 95%

Sensitivity live

Price	-10% $59	-5% $31	+0% $3	+5% $-24	+10% $-52
Rent	-10% $-77	-5% $-37	+0% $3	+5% $44	+10% $84
Rate	-1.0pp $44	-0.5pp $24	base $3	+0.5pp $-17	+1.0pp $-38

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
910 E 61st St Tulsa, OK	1.0	1.0	700	$926	$1.32	5d	1	0.07mi
6345 S Madison Pl Unit 1 Tulsa, OK	3.0	2.0	1080	$1,100	$1.02	5d	1	0.16mi
1110 E 60th St Tulsa, OK	1.0–2.0	1.0–2.0	794	$1,069	$1.35	5d	4	0.29mi
1329 E 64th St Tulsa, OK	1.0–2.0	1.0	624	$1,149	$1.84	4d	2	0.40mi
1337 E 61st St Tulsa, OK	1.0–2.0	1.0	700	$1,051	$1.50	5d	14	0.43mi
6642 S Peoria Ave Tulsa, OK	1.0–2.0	1.0	712	$1,100	$1.54	13d	2	0.48mi
1320 E 58th St Tulsa, OK	1.0	1.0	980	$1,200	$1.22	23d	1	0.48mi
1037 E 57th Pl #5 Tulsa, OK	1.0	1.5	1088	$1,100	$1.01	26d	1	0.49mi
5630 S Peoria Ave Unit 5630B-P Tulsa, OK	1.0	1.0	650	$925	$1.42	5d	1	0.54mi
6732 S Peoria Ave Tulsa, OK	1.0–2.0	1.0–2.0	810	$926	$1.14	4d	4	0.55mi
5628 S Peoria Ave Unit 5628A-P Tulsa, OK	2.0	2.0	950	$1,100	$1.16	5d	1	0.55mi
5624 S Peoria Ave Unit 5624C-P Tulsa, OK	2.0	1.0	850	$1,000	$1.18	5d	1	0.57mi
7901 Riverside Pkwy Tulsa, OK	2.0	2.0	950	$884	$0.93	5d	16	0.59mi
5620 S Quaker Ave Unit 5620D-Q Tulsa, OK	1.0	1.0	650	$999	$1.54	26d	1	0.63mi
5607 S Quaker Ave Unit 5607D-Q Tulsa, OK	2.0	2.0	950	$1,100	$1.16	5d	1	0.70mi
6105 S Troost Ave Tulsa, OK	2.0	2.0	1124	$1,300	$1.16	26d	1	0.74mi
6639 S Victor Ave Unit G203 Tulsa, OK	1.0	1.0	800	$850	$1.06	26d	1	0.93mi
6639 S Victor Ave Unit G208 Tulsa, OK	1.0	1.0	800	$850	$1.06	18d	1	0.94mi
1802 E 66th Pl Tulsa, OK	1.0–2.0	1.0–2.0	695	$1,100	$1.58	23d	3	0.98mi
1802 E 66th Pl Tulsa, OK	1.0–2.0	1.0–2.0	562	$995	$1.77	5d	1	0.98mi
1804 E 66th Pl Unit E108 Tulsa, OK	1.0	1.0	562	$850	$1.51	26d	1	0.99mi
6760 S Trenton Pl Tulsa, OK	1.0	1.0	700	$745	$1.06	26d	1	1.03mi
6760 S Trenton Pl Tulsa, OK	2.0	2.0	900	$900	$1.00	12d	1	1.03mi
5101 S Madison Ave Tulsa, OK	1.0–2.0	1.0	780	$1,150	$1.47	4d	2	1.07mi
5121 S Madison Ave Tulsa, OK	3.0	1.5	1048	$1,550	$1.48	14d	1	1.09mi
6630 S Zunis Ave Tulsa, OK	1.0–3.0	1.0–2.0	1000	$1,044	$1.04	4d	12	1.12mi
2218 E 59th St Tulsa, OK	1.0–2.0	1.0	787	$1,199	$1.52	5d	4	1.20mi
1818 E 71st St Tulsa, OK	2.0	1.0–2.0	700	$1,062	$1.52	4d	37	1.24mi
5151 S Utica Ave Tulsa, OK	1.0–2.0	1.0	799	$838	$1.05	4d	1	1.30mi
2409 E 59th Ct Unit 2433-4 Tulsa, OK	1.0	1.0	565	$675	$1.19	21d	1	1.31mi
6609 S Lewis Ave Tulsa, OK	1.0	1.0	600	$816	$1.36	4d	5	1.32mi
7224 S Elwood Ave Tulsa, OK	1.0–2.0	1.0–2.0	948	$1,790	$1.89	4d	6	1.35mi
737 W 71st St S Tulsa, OK	1.0–2.0	1.0	920	$1,000	$1.09	17d	12	1.41mi
737 W 71st St S Unit 102 Tulsa, OK	2.0	1.0	869	$900	$1.04	26d	1	1.41mi
737 W 71st St S Unit 108 Tulsa, OK	2.0	1.0	869	$1,000	$1.15	26d	1	1.41mi
5009 S Troost Ave Tulsa, OK	2.0	1.0	886	$1,400	$1.58	26d	1	1.43mi
1514 E 49th St Tulsa, OK	3.0	1.0	980	$1,295	$1.32	18d	1	1.47mi
4740 S Boston Ave Tulsa, OK	2.0	1.0	839	$1,475	$1.76	5d	1	1.48mi

HOA detail condo

• Monthly dues: $250 · $3,000/yr
• Likely covers: watergaselectricpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 23 events

1. 2026-06-22
   days on market $79,999 Active 48 DOM
2. 2026-06-22
   days on market $79,999 Active 47 DOM
3. 2026-06-18
   days on market $79,999 Active 44 DOM
4. 2026-06-17
   days on market $79,999 Active 43 DOM
5. 2026-06-16
   days on market $79,999 Active 42 DOM
6. 2026-06-15
   days on market $79,999 Active 41 DOM
7. 2026-06-13
   days on market $79,999 Active 39 DOM
8. 2026-06-10
   days on market $79,999 Active 36 DOM
9. 2026-06-09
   days on market $79,999 Active 35 DOM
10. 2026-06-08
    days on market $79,999 Active 34 DOM
11. 2026-06-08
    price $79,999 Active 33 DOM
12. 2026-06-07
    days on market $80,900 Active 33 DOM
13. 2026-06-05
    days on market $80,900 Active 30 DOM
14. 2026-06-03
    days on market $80,900 Active 29 DOM
15. 2026-06-02
    days on market $80,900 Active 28 DOM
16. 2026-06-02
    price $80,900 Active 27 DOM
17. 2026-06-01
    days on market $81,500 Active 27 DOM
18. 2026-05-31
    days on market $81,500 Active 26 DOM
19. 2026-05-05
    listed $81,500 Active
20. 2008-05-01
    historical
21. 2007-11-01
    listed $49,900
22. 2007-09-17
    historical
23. 2007-07-16
    listed $49,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥111°F today · 18 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,246
• − Mortgage interest: −$4,481
• − Property taxes: −$1,200
• − Insurance: −$400
• − Repairs & maintenance: −$980
• − Management: −$980
• − HOA: −$3,000
• − Depreciation: −$2,327
• Taxable loss: −$1,122
• Est. tax savings @ 24.0%: +$269
• After-tax cash flow: $309/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 6 photos

Good 80/100 Cosmetic rehab

This well-maintained and recently updated condo is move-in ready with new flooring, fresh paint, and modern kitchen appliances. It offers a good investment opportunity with potential for further value enhancement through minor updates.

Value-add opportunities

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics.
• Both Landscaping improvements — Well-maintained landscaping increases curb appeal and property value.
• Both Replace carpet with hardwood or tile flooring — Hardwood or tile flooring is more durable and can increase property value.
• Both Install smart home devices — Smart home devices can increase property value and attract tech-savvy buyers/tenants.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Well-maintained landscaping increases curb appeal and property value. ↑
• Both Replace carpet with hardwood or tile flooring — Hardwood or tile flooring is more durable and can increase property value. ↑
• Both Install smart home devices — Smart home devices can increase property value and attract tech-savvy buyers/tenants. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Tulsa
• NCES district ID: 4030240
• Math proficiency: 7% ▼ -9.00%
• Reading proficiency: 12% ▼ -7.00%
• Median HH income: $37,895
• Composite: 8.04/100
• National rank: #9919
• State rank: #250 of 270 in OK

Livability — Tulsa

• Score: 75/100
• State rank: #13
• US rank: #4058

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment D- Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tulsa, OK
• County: Tulsa County · 640,811 people
• City population: 389,418
• Metro: Tulsa, OK
• Population (ZIP): 31,416
• Household income: $51,820
• Rent vs Own: 65.0% rent · 35.0% own
• Severe rent burden: 2579.0

Population outlook (Tulsa County) Hauer SSP2

• Today (2025): 723,846 people
• By 2030: 766,033 · +5.8%
• By 2040: 851,386 · +17.6%
• By 2050: 938,389 · +29.6%
• By 2075: 1,166,011 · +61.1%
• By 2100: 1,350,277 · +86.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 55% Black 16% Two or more races 13% Hispanic / Latino 10% Asian 7% Native American 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Lithuanian 2% Italian 1%
• Foreign-born: 14% · Canada, Philippines
• Languages at home: 83% English-only · Spanish 8% Other Asian/Pacific 5% Other Indo-European 1%

Political lean MEDSL · Tulsa

• 2024 margin: R (+15.2) · D 41.3% · R 56.5% · Other 2.2%
• 2008→2024 swing: +9.2pp toward D · 2008: -24.5pp · 2024: -15.2pp
• All cycles: 2024: R+15.2 2020: R+15.6 2016: R+22.9 2012: R+27.4 2008: R+24.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -98.51%
• Current HPI: 215.3642
• Rent YoY: ▲ 0.74%
• Metro: Tulsa, OK
• State GDP YoY: ▲ 1.55%
• F500 in state: 6

Industry mix (Fortune 500 HQ in OK)

Industry	F500 HQs	Revenue
▸Energy	3	$48B

Price history

+63.3% since first listed

5 events — show timeline

• 2026-05-05 Listed $81,500 MLS Technology, Inc.
• 2008-05-01 Listing Removed — MLS Technology, Inc.
• 2007-11-01 Listed $49,900 MLS Technology, Inc.
• 2007-09-17 Listing Removed — MLS Technology, Inc.
• 2007-07-16 Listed $49,900 MLS Technology, Inc.