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$294,950

For Sale - Active
2273 County Street 2814, Chickasha, OK 73018
4 Beds
3 Baths
0 Square Feet
1.42 Acres Lot
Built in 1983
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: May 28, 2025 at 03:04AM

Investment Summary


Monthly Cash Flow
-$524
Cap Rate
4.2%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-5.0%

Property Description


1.42 Acres Lot
Built in 1983
For Sale - Active
Units n/a

This home offers a little piece of country living, but close to the amenities of Chickasha. Situated at the end of the road, you'll have neighbors, yet feel secluded, all at the same time. This newly remodeled home offers granite in the kitchen and bathrooms, wood look flooring in the common areas, new carpet in all the bedrooms and fresh paint throughout. It is truly "move in ready". There are 3 bedrooms and two baths on one end of the home and another bedroom and half bath on the opposite end, which would be great for an office or an in-law suite. There is a bonus room that would be great for an office, or flex room. In addition, there is approx 11x11 finished attic space accessible from the bonus/office/flex room (new owner will need to have ladder to access). Outside, you'll enjoy an acre of tranquility. **The listed property has an additional lot on the north side--lot 6. The home can be purchased for a reduced price without lot 6 if desired.** Make your appointment today to take a look at this home!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 040000001007000000
  • Lot Size: 61725 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1983

Tax Information

  • Annual Tax: $2,565

Utilities

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

Location

  • County: Grady

Listing Details


Listed by:
Suehzen Mosley
Century 21 Mosley
(405) 222-8625

Source:
MLSOK
MLS#: 1163525

Investment Summary


Monthly Cash Flow
-$524
Cap Rate
4.2%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-5.0%

Purchase Details

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Purchase price:
$294,950
Amount financed:
-$235,960
Down payment:
$58,990
Closing costs:
$8,849
Rehab costs:
$0
Initial cash invested:
$67,839
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$235,960
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.890%
Principal & interest:
$1,552
Property tax:
$214
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,892

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: (12%)
12%-$214-$2,565
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: (37%)
37%-$664-$7,965

Cash Flow


Monthly Yearly
Net operating income:
$1,028 $12,336
Mortgage payments:
-$1,552 -$18,624
Cash flow:
$524 $6,288