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$230,000

Sale Pending
10724 N 153rd East Ave, Owasso, OK 74055
3 Beds
2 Baths
1,276 Square Feet
0.14 Acres Lot
Built in 2010
Sale Pending
Units n/a
Checked: 13 hours ago
Updated: Jun 24, 2025 at 03:06AM

Investment Summary


Monthly Cash Flow
-$145
Cap Rate
4.9%
Cash-on-Cash Return
-3.3%
Debt Coverage Ratio
0.87
Internal Rate of Return (5 years)
0.8%

Property Description


0.14 Acres Lot
Built in 2010
Sale Pending
Units n/a

Absolutely Stunning & Move-In Ready! Step into this meticulously maintained Kipling floor plan that combines thoughtful design with stylish upgrades. This spacious home offers the perfect blend of comfort and functionality, featuring an open-concept kitchen and family room, ideal for entertaining or relaxing. You'll love the soaring vaulted ceilings and premium vinyl plank flooring that add a touch of elegance throughout. The entire home has been repainted inside and out, with updated fixtures and all "built-in" appliances recently replaced (refrigerator stays, unwarranted). The open kitchen is a true highlight, making meal prep a joy and gatherings effortless. The luxurious primary suite boasts a double-sink vanity and a walk-in shower, creating your own personal retreat. Enjoy outdoor living year round with both covered front and back porches and a fully fenced backyard, perfect for pets, play, or peaceful evenings. Located in the vibrant Lake Valley neighborhood with parks, fishing ponds, frisbee golf, and easy access to Hwy 169 and the thriving "New Owasso" area, this home truly has it all. From the moment you walk through the door, you'll be hooked, don't miss this one!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 9
  • # of Stories: 1
  • Basement Description: None

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Lake Valley
  • HOA Fee: $400/annually

Land Information

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

Lot Information

  • Parcel ID: 0091687
  • Lot Size: 6151 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Cottage
  • Year Built: 2010

Tax Information

  • Annual Tax: $1,535

Utilities

  • Heating: Natural Gas, Central
  • Cooling: Central Air

Location

  • County: Rogers

Listing Details


Listed by:
Sharlie Hanson
Chinowth & Cohen
(918) 261-2288

Source:
MLS Technology
MLS#: 2523562
MLS Technology

Investment Summary


Monthly Cash Flow
-$145
Cap Rate
4.9%
Cash-on-Cash Return
-3.3%
Debt Coverage Ratio
0.87
Internal Rate of Return (5 years)
0.8%

Purchase Details

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Purchase price:
$230,000
Amount financed:
-$184,000
Down payment:
$46,000
Closing costs:
$6,900
Rehab costs:
$0
Initial cash invested:
$52,900
Square feet:
1,276
Cost per square foot:
$180
Monthly rent per square foot:
$1.25

Financing Details

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Loan amount:
$184,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,088
Property tax:
$128
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,328

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$128-$1,535
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (2%)
2%-$33-$396
Total operating expenses: (35%)
35%-$561-$6,731

Cash Flow


Monthly Yearly
Net operating income:
$943 $11,316
Mortgage payments:
-$1,088 -$13,056
Cash flow:
$145 $1,740