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$149,000

For Sale - Active
1014 Maxwell St NW, Ardmore, OK 73401
2 Beds
2 Baths
1,360 Square Feet
0.31 Acres Lot
Built in 1955
For Sale - Active
Units n/a
Checked: 8 hours ago
Updated: Aug 19, 2025 at 11:00AM

Investment Summary


Monthly Cash Flow
$161
Cap Rate
7.0%
Cash-on-Cash Return
5.6%
Debt Coverage Ratio
1.23
Internal Rate of Return (5 years)
9.5%

Property Description


0.31 Acres Lot
Built in 1955
For Sale - Active
Units n/a

Great opportunity to own your very own piece of the pie! This lovely, 2 bed 2bath single-family home was built in 1955. It includes features such as two living areas including a den with wood burning fireplace, large covered front porch and a spacious backyard. The property has ample space to become a 3 bedroom home with the conversion of one of the living areas becoming a primary bedroom with on-suite bathroom. The home has been prepared for move in ready conditions with newly painted walls and new roof that was placed in Spring 2025. The house is situated on a corner lot with double sized concrete driveway and has a 2 car attached garage. It's conveniently located near shopping restaurants, schools and hospital. This architectural ranch style home is posed for causal relaxed living with timeless charm that is tied to the heart of Ardmore. Call today to schedule a showing!

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Location


Property Details


Parking

  • Description: Attached Garage
  • Details: Attached, Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Asphalt, Fiberglass

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 020500006057000100
  • Lot Size: 13504 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1955

Tax Information

  • Annual Tax: $1,200

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Central, Electric
  • Cooling: Central Air

Location

  • County: Carter

Listing Details


Listed by:
Brandi Hull
Turn Key Real Estate
(580) 465-2521

Source:
MLS Technology
MLS#: 2526050
MLS Technology

Investment Summary


Monthly Cash Flow
$161
Cap Rate
7.0%
Cash-on-Cash Return
5.6%
Debt Coverage Ratio
1.23
Internal Rate of Return (5 years)
9.5%

Purchase Details

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Purchase price:
$149,000
Amount financed:
-$119,200
Down payment:
$29,800
Closing costs:
$4,470
Rehab costs:
$0
Initial cash invested:
$34,270
Square feet:
1,360
Cost per square foot:
$110
Monthly rent per square foot:
$1.03

Financing Details

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Loan amount:
$119,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$705
Property tax:
$100
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$903

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,400 $16,800
Vacancy loss: (6%)
6% -$84 -$1,008
Operating income:
$1,316 $15,792

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$100-$1,200
Insurance: (7%)
7%-$98-$1,176
Property management: (8%)
8%-$112-$1,344
Repairs & maintenance: (5%)
5%-$70-$840
Capital expenditures: (5%)
5%-$70-$840
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (32%)
32%-$450-$5,400

Cash Flow


Monthly Yearly
Net operating income:
$866 $10,392
Mortgage payments:
-$705 -$8,460
Cash flow:
$161 $1,932