Investors look: 8 rental units. 4 units are 2 bed and 4 units are 1 bedroom. ( if at full capacity)
Rent Potential at 100% occupancy is $53,900. Rent at 80% occupancy is $42,900. Estimated annual expenses. Property tax $1,000: Property Insurance $4,300: Utilities $7,500 : Repairs and Misc $7,000 for a total of $19,800. Net Income after expense is $23,100. 10% cap Rate value indicates value of $231,000. Market value based on comp value is quite different(Less).
Borrowing Scenario. $150,000 loan 15 years @ 8% would have a monthly payment of $1,435 a month or $17,220 annually versus net income of $23,100 which provides an attractive debt coverage ratio.
**This info is an estimation of taxes, insurance, rent & occupancy rates. EASY TO SHOW
Sold for $153,000
Zillow last checked:
Listing updated:
Bought with:
Pam Robinson, 119875
Pam Robinson Real Estate Inc
Source: MLSOK/OKCMAR as distributed by MLS GRID,MLS#: 1108797
Price history
| Date | Event | Price |
|---|---|---|
| 2/28/2025 | Sold | $153,000-12.6%$23/sqft |
Source:  MLSOK/OKCMAR as distributed by MLS GRID #1108797 Report a problem | ||
| 11/13/2024 | Pending sale | $175,000$26/sqft |
Source: MLSOK/OKCMAR as distributed by MLS GRID #1108797 Report a problem | ||
| 5/15/2024 | Listed for sale | $175,000+191.7%$26/sqft |
Source: MLSOK/OKCMAR as distributed by MLS GRID #1108797 Report a problem | ||
| 7/2/2012 | Sold | $60,000-33.3%$9/sqft |
Source: MLSOK/OKCMAR as distributed by MLS GRID #469929 Report a problem | ||
| 4/6/2012 | Listed for sale | $89,900$13/sqft |
Source: Pam Robinson Real Estate, Inc. Report a problem | ||
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