Vacancy and cap rate in OKC

[Jason Malabute]

Anybody know the cap rate and vacancy rate for Norman, OK?

Thank you.

[Will Fraser]

@Jason Malabute that varies a lot depending on the price-point of the unit(s) and the demographic.  For college rentals in Norman, OKC, or Edmond I factor in 8-10% vacancy as a standard, but that can be lowered using some tactics.  Otherwise for rentals under $1,000/month I factor in 5% vacancy throughout the metro.  (referring to Norman, OKC, and Edmond, most notably).