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Updated about 10 years ago on . Most recent reply

Josh Buss's profile image
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Josh Buss
  • Investor
  • from Oklahoma City, Oklahoma
  • Member since Apr 20, 2015
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Josh Buss's profile image
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Josh Buss
  • Investor
  • from Oklahoma City, Oklahoma
  • Member since Apr 20, 2015
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Josh Buss
  • Investor
  • Oklahoma City, OK
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Starting Out

Cap Rate in Oklahoma City?

Josh Buss
  • Investor
  • Oklahoma City, OK
Posted

My wife and I are trying to find our first rental property in the Oklahoma City metro. Can any OKC investors give me an idea of what cap rate you are shooting for or seeing in properties that you own?

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Jai Reddy's profile image
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Jai Reddy
  • from Edmond, OK
  • Member since Aug 7, 2012
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Jai Reddy
  • from Edmond, OK
  • Member since Aug 7, 2012
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  • Edmond, OK
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Jai Reddy
  • Edmond, OK
Replied

@Josh Buss

Mine is below 1%. Can't remember exact but purchase price + renovation was $375k and rent is $3100 per month. That was my home in Edmond turned rental. 

If I were to buy in Edmond, I'd be happy with 0.8 in class B neighborhood, fairly new construction homes. 

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