Investing in Yukon Oklahoma?

Question

My wife and I are considering Yukon Oklahoma and Mustang Oklahoma as our next area to buy several properties. ￼

It checks most of the boxes we look for in rentals. Can any locals or fellow investors provide any insight?

Would greatly appreciate your time!

Cassi Justiz · Answer

@Eric Velazquez, ask away! I'm always happy to help!

I'll send you a message with property managers that we really like. Edmond has a lot of reasons that it's more expensive, but the biggest one is that Edmond has a lot more REALLY expensive homes than most other areas in the metro. That bumps our average sales price up quite a bit higher than most of the other suburbs. Edmond has been consistently in the 300-350k range for average sales price for a while, while Mustang and Yukon are usually closer to the mid 200k range with Mustang being a bit higher than Yukon. From a pure investment standpoint, there's not a huge benefit to one of these areas over the other. Depending on your strategy and investment criteria, I'd consider them all pretty equal as far as rentability goes. Depending on what type of property you are looking for you may find that one area is better suited than the others.

Cassi Justiz · Answer

Hi @Brett Tvenge, @Eric VelazquezMustang and Yukon are some of the favorite areas for the investors that I work with. There's not always a lot of opportunity for value add opportunities because of the demand and generally newer age of homes in these areas, but both towns are really favorable for turn-key investments. Mustang and Yukon are both fairly small on their own, so if you are looking for a property manager exclusive for one of these two areas you may have a hard time. It's not uncommon for people in OKC to commute, so most of your OKC based property managers are happy to manage in Mustang and Yukon. OKC is fairly spread out but generally pretty efficient for commutes. You can usually get from one side of the metro to the other in under 30 minutes, so it's not uncommon for people to live in one area and work in another. If you guys need property manager recommendations for these areas or have any specific questions on the areas, I'd be happy to answer questions or give any recommendations!

Eric Velazquez · Answer

@Cassi Justiz  I was really interested in Edmond, any idea why it’s significantly more expensive then the surrounding  area? What property management do you recommend?

Eric Velazquez · Answer

@Cassi Justiz than you  Cassi appreciate the feedback, it’s nice to have a local that understands the area so we’ll. I will definitely be asking you questions on the future as the time gets closer to purchasing a SFH

Eric Velazquez · Answer

@Brett Tvenge There is , it’s just you are limited, but I also looked at Yukon and the school system is great from what I hear

Tom O'Stasik · Answer

@Brett Tvenge it is where I invest and I find properties for my clients as I’m an investor and agent

Brett Tvenge · Answer

@Eric Velazquez hey Eric. Thanks for your reply. So your thinking there’s no property management teams in place in Yukon and they have to commute from OKC?

Brett Tvenge · Answer

@Tom Ostasik Tom, thanks for your reply. Off hand I had not considered these towns. Is this where you invest?

Tom O'Stasik · Answer

@Brett Tvenge have you considered areas around Tulsa like Broken Arrow or Jenks?

Eric Velazquez · Answer

I am in the same boat as you, I have found that a common issue is finding a property management that will be more willing to drive the distance to keep a close eye on the property in comparison to Moore, Edmond, or Norman. Prices are great there, but Moore seems affordable to, lower crime rate then Norman, and close enough to OKC. Thanks

Investing in Yukon Oklahoma?

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