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$276,000

For Sale - Active
1847 N Allen Ln, Oklahoma City, OK 73127
3 Beds
2 Baths
0 Square Feet
0.55 Acres Lot
Built in 1956
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: Aug 09, 2025 at 03:11AM

Investment Summary


Monthly Cash Flow
-$131
Cap Rate
5.1%
Cash-on-Cash Return
-2.5%
Debt Coverage Ratio
0.90
Internal Rate of Return (5 years)
1.6%

Property Description


0.55 Acres Lot
Built in 1956
For Sale - Active
Units n/a

BEAUTIFUL REMODELED HOME LOCATED IN THE HEART OF OKLAHOMA CITY, CLOSE TO SHOPPING AND DINNING. ENJOY THE CONVENIENCE OF A PRIME LOCATION ACROSS FROM LELA PARK, "OFFERING ENDLESS POSSIBILITIES FOR OUTDOOR ENJOYMENT" COUPLED WITH THE SPACIOUSNESS OF A .54-ACRE LOT. THIS HOME IS WHEEL CHAIR ACCESSABLE FROM THE BACK OF THE HOME. THE HOUSE HAS BACKYARD ACCESS. THE INTERIOR FEAUTURES ORIGINAL HARDWOOD FLOORING IN MOST OF THE HOUSE. THE KITCHAS HAS BEEN COMPLETELY REMODELED FROM TOP TO BOTTOM. INTERIOR AND EXTERIOR PAINT AND MUCH, MUCH MORE. CALL TODAY TO MAKE AN APPOINTMENT

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Location


Property Details


Parking

  • Description: Attached, Concrete, Driveway, Garage
  • Details: Attached, Concrete, Driveway, Garage, Garage Door Opener
  • 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: 4
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (not specified)
  • Roof Type: Hip
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 146881900
  • Lot Size: 23919 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary
  • Year Built: 1956

Tax Information

  • Annual Tax: $805

Utilities

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

Location

  • County: Oklahoma

Listing Details


Listed by:
Reyna Elizalde
DC Kelley Realty
(405) 206-9173

Source:
MLSOK
MLS#: 1180460

Investment Summary


Monthly Cash Flow
-$131
Cap Rate
5.1%
Cash-on-Cash Return
-2.5%
Debt Coverage Ratio
0.90
Internal Rate of Return (5 years)
1.6%

Purchase Details

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Purchase price:
$276,000
Amount financed:
-$220,800
Down payment:
$55,200
Closing costs:
$8,280
Rehab costs:
$0
Initial cash invested:
$63,480
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$220,800
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,306
Property tax:
$67
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,499

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$67-$805
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (29%)
29%-$517-$6,205

Cash Flow


Monthly Yearly
Net operating income:
$1,175 $14,100
Mortgage payments:
-$1,306 -$15,672
Cash flow:
$131 $1,572