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$369,995

For Sale - Active
1646 County Road 1245, Tuttle, OK 73089
4 Beds
2 Baths
0 Square Feet
4.26 Acres Lot
Built in 2010
For Sale - Active
Units n/a
Checked: 24 hours ago
Updated: Jun 26, 2025 at 01:56AM

Investment Summary


Monthly Cash Flow
-$389
Cap Rate
5.0%
Cash-on-Cash Return
-5.5%
Debt Coverage Ratio
0.80
Internal Rate of Return (5 years)
-1.3%

Property Description


4.26 Acres Lot
Built in 2010
For Sale - Active
Units n/a

Welcome to your dream retreat! This beautifully updated 4-bedroom, 2-bathroom home is nestled on a sprawling 4.26-acre lot, offering the perfect blend of modern amenities and serene country living. As you step inside, you'll be greeted by fresh paint and new flooring that flow seamlessly throughout the open-concept living spaces. The kitchen boasts brand-new countertops, providing ample space for culinary creations and gatherings. The expansive master suite is a true sanctuary, featuring two generous closets and a fully remodeled bathroom designed for relaxation and comfort. A versatile bonus room offers endless possibilities—whether you envision it as a second living area, a home theater, or a playroom, the choice is yours. Outside, the property is a haven for hobbyists and those seeking extra storage or workspace. A brand-new shop and a convenient shed cater to all your equipment and project needs. The home is serviced by its own well, ensuring a reliable and self-sufficient water source. With over four acres of land, there's plenty of room to explore, garden, or simply enjoy the tranquility of your surroundings. This property offers a unique opportunity to experience the best of both indoor luxury and outdoor freedom. Don't miss the chance to make this exceptional property your own. Schedule a viewing today and start envisioning the endless possibilities that await you in this country oasis.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

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

Interior Features

  • # of Rooms: 7
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Wood
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • HOA Fee: $400/annually

Land Information

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

Lot Information

  • Parcel ID: 00003409N06W102600
  • Lot Size: 185566 sqft

Property Information

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

Tax Information

  • Annual Tax: $5,105

Utilities

  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Grady

Listing Details


Listed by:
Brandon Just
Homestead + Co
(405) 623-2021

Source:
MLSOK
MLS#: 1177385

Investment Summary


Monthly Cash Flow
-$389
Cap Rate
5.0%
Cash-on-Cash Return
-5.5%
Debt Coverage Ratio
0.80
Internal Rate of Return (5 years)
-1.3%

Purchase Details

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Purchase price:
$369,995
Amount financed:
-$295,996
Down payment:
$73,999
Closing costs:
$11,100
Rehab costs:
$0
Initial cash invested:
$85,099
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$295,996
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$1,932
Property tax:
$425
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,560

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$425-$5,105
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (1%)
1%-$33-$396
Total operating expenses: (41%)
41%-$1,183-$14,201

Cash Flow


Monthly Yearly
Net operating income:
$1,543 $18,516
Mortgage payments:
-$1,932 -$23,184
Cash flow:
$389 $4,668