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$25,000

For Sale - Active
1120 NW 56th St, Oklahoma City, OK 73118
2 Beds
1 Bath
0 Square Feet
0.20 Acres Lot
Built in 1940
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jun 05, 2025 at 11:50AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$966
Cap Rate
46.4%
Cash-on-Cash Return
45.0%
Debt Coverage Ratio
n/a
Internal Rate of Return (5 years)
48.2%

Property Description


0.20 Acres Lot
Built in 1940
For Sale - Active
Units n/a

THIS HOME IS FOR SALE TO BE MOVED TO A NEW LOCATION!! **THIS SALE DOES NOT INCLUDE LAND** Great little 2 bed 1 bath and would be a great home. Just needs a new location. Come on by today!!

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Location


Property Details


Parking

  • Description: Carport
  • Details: Other
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Roof Type: Gable
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 085279200
  • Lot Size: 8751 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: MidCenturyModern
  • Year Built: 1940

Tax Information

  • Annual Tax: $0

Utilities

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

Location

  • County: Oklahoma

Listing Details


Listed by:
Brett C Watson
Hamilwood Real Estate
(405) 996-0957

Source:
MLSOK
MLS#: 1172836

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$966
Cap Rate
46.4%
Cash-on-Cash Return
45.0%
Debt Coverage Ratio
n/a
Internal Rate of Return (5 years)
48.2%

Purchase Details

Find an Agent

Purchase price:
$25,000
Amount financed:
$0
Down payment:
$25,000
Closing costs:
$750
Rehab costs:
$0
Initial cash invested:
$25,750
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

Find a Lender

Loan amount:
$0

Financing is not included in this analysis because the purchase price is under $75,000. Most lenders have minimum loan amounts and typically do not provide financing for properties below this threshold. However, if you’d like to include financing, you can customize the value through the Customize Inputs tab.

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: (n/a)
n/an/an/a
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: (25%)
25%-$350-$4,200

Cash Flow


Monthly Yearly
Net operating income:
$966 $11,592
Mortgage payments:
$0 $0
Cash flow:
$966 $11,592