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$1,200,000

For Sale - Active
10616 S Forest Ave, Jenks, OK 74037
4 Beds
4 Baths
4,556 Square Feet
0.38 Acres Lot
Built in 2005
For Sale - Active
Units n/a
Checked: 20 hours ago
Updated: May 29, 2025 at 06:31PM

Investment Summary


Monthly Cash Flow
-$3,916
Cap Rate
2.3%
Cash-on-Cash Return
-17.0%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-12.5%

Property Description


0.38 Acres Lot
Built in 2005
For Sale - Active
Units n/a

Live the French-Inspired Dream in Jenks Step into refined elegance with this exquisite Hollinger-built custom estate, nestled behind the gates of prestigious Aberdeen Falls. Inspired by timeless French architecture and crafted with meticulous attention to detail, this remarkable home blends luxurious living with warm, everyday comfort. Highlights You’ll Fall in Love With Old-World Craftsmanship, Modern Grace From the rich Travertine floors and detailed crown molding to the designer tilework in every bathroom, no detail was overlooked. The home exudes warmth, charm, and curated luxury at every turn. A Dream Kitchen Whether you’re hosting a gathering or an elegant dinner party, the gourmet kitchen is ready—with Viking appliances, gleaming granite and marble countertops, custom cabinetry, and an open-concept design that invites connection. Resort-Style Backyard Oasis Your personal paradise awaits with a stunning saltwater pool, tranquil waterfall, and bubbling spa. Entertain with ease in the brand-new pool house and fully equipped outdoor kitchen, complete with commercial-grade appliances. Wind down by the outdoor fireplace or unwind on the covered patio surrounded by lush, manicured landscaping. Stylish Spaces for Living and Gathering With soaring vaulted ceilings, three gas fireplaces, and two beautifully designed living areas, this home offers the perfect blend of cozy and grand. Smart, Spacious, and Secure Enjoy year-round comfort with three central HVAC systems, programmable thermostats, a state-of-the-art security system, and a generous three-car garage—offering both luxury and peace of mind. Prime Location, Private Living Ideally positioned on a quiet cul-de-sac corner lot, this home offers privacy, prestige, and proximity. Located within the highly desirable Jenks School District, and part of the Aberdeen Falls community, you'll experience the best of Tulsa-area living—quiet, secure, and incredibly convenient.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached, Garage, Garage Faces Side, Circular Driveway
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 1
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Aberdeen Falls
  • HOA Fee: $3,000/annually

Land Information

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

Lot Information

  • Parcel ID: 60528822551610
  • Lot Size: 16695 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: FrenchProvincial
  • Year Built: 2005

Tax Information

  • Annual Tax: $11,036

Utilities

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

Location

  • County: Tulsa

Listing Details


Listed by:
Kaedi Kingsleigh
Epique Realty
(918) 946-7009

Source:
MLS Technology
MLS#: 2444481
MLS Technology

Investment Summary


Monthly Cash Flow
-$3,916
Cap Rate
2.3%
Cash-on-Cash Return
-17.0%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-12.5%

Purchase Details

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Purchase price:
$1,200,000
Amount financed:
-$960,000
Down payment:
$240,000
Closing costs:
$36,000
Rehab costs:
$0
Initial cash invested:
$276,000
Square feet:
4,556
Cost per square foot:
$263
Monthly rent per square foot:
$1.12

Financing Details

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Loan amount:
$960,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$6,265
Property tax:
$920
Insurance:
$357
Private mortgage insurance (PMI):
$0
Monthly payment:
$7,542

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,100 $61,200
Vacancy loss: (6%)
6% -$306 -$3,672
Operating income:
$4,794 $57,528

Operating Expenses


% Rent Monthly Yearly
Property taxes: (18%)
18%-$920-$11,036
Insurance: (7%)
7%-$357-$4,284
Property management: (8%)
8%-$408-$4,896
Repairs & maintenance: (5%)
5%-$255-$3,060
Capital expenditures: (5%)
5%-$255-$3,060
HOA fees: (5%)
5%-$250-$3,000
Total operating expenses: (48%)
48%-$2,445-$29,336

Cash Flow


Monthly Yearly
Net operating income:
$2,349 $28,188
Mortgage payments:
-$6,265 -$75,180
Cash flow:
$3,916 $46,992