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$385,900

For Sale - Active
11008 Blue Sage Rd, Oklahoma City, OK 73120
3 Beds
2 Baths
0 Square Feet
0.23 Acres Lot
Built in 1968
For Sale - Active
Units n/a
Checked: 8 hours ago
Updated: Jun 04, 2025 at 03:04AM

Investment Summary


Monthly Cash Flow
-$361
Cap Rate
4.6%
Cash-on-Cash Return
-4.9%
Debt Coverage Ratio
0.80
Internal Rate of Return (5 years)
-0.7%

Property Description


0.23 Acres Lot
Built in 1968
For Sale - Active
Units n/a

Welcome to this beautifully updated 3-bedroom, 2-bath home situated on a spacious corner lot, offering both privacy and excellent curb appeal—all at an unbeatable price for the neighborhood! Step inside to discover a stylishly remodeled interior featuring fresh finishes and modern touches throughout. The home boasts a sunken living room, perfect for cozy gatherings or entertaining, as well as a rare sunken bedroom that adds character and a retreat-like feel. The updated kitchen showcases contemporary cabinetry, updated quartz countertops, and sleek fixtures, while both bathrooms have been thoughtfully renovated with on-trend design choices. Fresh paint, new flooring, and modern lighting complete the interior upgrades. This home has a new roof, fresh exterior paint, and new landscaping. The large lot provides ample space for outdoor activities, entertaining, or even expansion possibilities. As a corner lot, it offers added privacy and space rarely found at this price point.

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Location


Property Details


Parking

  • Description: Attached, Garage, GarageDoorOpener
  • Details: 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: 5
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 103831115
  • Lot Size: 9901 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: MidCenturyModern, Traditional
  • Year Built: 1968

Tax Information

  • Annual Tax: $3,114

Utilities

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

Location

  • County: Oklahoma

Listing Details


Listed by:
Dakota Ake
Flotilla
(405) 473-4072

Source:
MLSOK
MLS#: 1169839

Investment Summary


Monthly Cash Flow
-$361
Cap Rate
4.6%
Cash-on-Cash Return
-4.9%
Debt Coverage Ratio
0.80
Internal Rate of Return (5 years)
-0.7%

Purchase Details

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Purchase price:
$385,900
Amount financed:
-$308,720
Down payment:
$77,180
Closing costs:
$11,577
Rehab costs:
$0
Initial cash invested:
$88,757
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$308,720
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,826
Property tax:
$260
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,261

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$260-$3,114
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$885-$10,614

Cash Flow


Monthly Yearly
Net operating income:
$1,465 $17,580
Mortgage payments:
-$1,826 -$21,912
Cash flow:
$361 $4,332