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$984,500

For Sale - Active
23800 E 720 Rd, Wagoner, OK 74467
3 Beds
2 Baths
2,621 Square Feet
10.00 Acres Lot
Built in 2019
For Sale - Active
Units n/a
Checked: 4 hours ago
Updated: Jun 05, 2025 at 03:09AM

Investment Summary


Monthly Cash Flow
-$2,496
Cap Rate
2.6%
Cash-on-Cash Return
-13.2%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-8.8%

Property Description


10.00 Acres Lot
Built in 2019
For Sale - Active
Units n/a

A One-of-a-Kind Custom Estate on 10 Acres! This exceptional property offers a rare combination of adventure, functionality, and endless possibilities. Nestled on 10 sprawling acres; this 3-4 bed/2 bath home constructed on post-tension slab with 10' ceilings, 8' doors and sealed tight with spray foam insulation offers ample space for work and play. The true showstopper? A massive 4,661 sqft attached with 1200 sqft heated & cooled workshop, designed to impress any car, boat, RV or implement enthusiast. This state-of-the-art space boasts: A game room/mother-in-law quarters, foam-insulated divided walls & blown-in ceiling insulation for efficiency; 30x97 garage with four 12’ x 14’ overhead doors and full hookup for water, electric and dump for your RV or trailer; a heated and cooled 30x50 shop and a 25x25 garage for your daily drivers all with insulated 10’ x 10’ doors for versatility; 400-amp service & pre-wiring for an air compressor to support any setup; bright energy-efficient LED lighting for optimal visibility; a separate 40x50 4 bay detached garage with 10' doors for additional storage. Beyond the garages, the estate continues to impress with a 20’ x 40’ barn featuring a concrete floor, a 20’ x 30’ loafing shed, and a chicken coop for seeking a touch of country charm. Outdoor lovers will appreciate the picturesque stocked pond and the 10’ x 21’ to 12’ x 13’ pavilion, an ideal space for relaxation and enjoying the quiet county life. For shooting enthusiasts, the property includes a private outdoor gun range with bunkers and targets at 10, 50 & 100 yards. Additional highlights: Electric entry gate, wide concrete driveway; 22kW whole-home generator, sprinkler system and a 8 person storm cellar. The features go on and on! This estate is not just a home, it’s a lifestyle! Whether you're a car collector, outdoor enthusiast, or someone seeking space and serenity, this property is a rare find!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Concrete, Attached, Boat, Garage, Other, RV Access/Parking, Storage, Workshop in Garage
  • Garage Spaces: 9
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 11
  • # of Stories: 1
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Slab
  • Roof Material: Metal

HOA

  • Association: Wagoner Co Unplatted

Land Information

  • Land Use: Residential
  • Land Use Subtype: Rural/Agricultural

Lot Information

  • Parcel ID: 221111000001000006
  • Lot Size: 435600 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 2019

Tax Information

  • Annual Tax: $3,024

Utilities

  • Heating: Wood Stove, Central, Propane
  • Cooling: Central Air

Location

  • County: Wagoner

Listing Details


Listed by:
Tawni Herd
Sage Sotheby's International
(918) 519-9126

Source:
MLS Technology
MLS#: 2511130
MLS Technology

Investment Summary


Monthly Cash Flow
-$2,496
Cap Rate
2.6%
Cash-on-Cash Return
-13.2%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-8.8%

Purchase Details

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Purchase price:
$984,500
Amount financed:
-$787,600
Down payment:
$196,900
Closing costs:
$29,535
Rehab costs:
$0
Initial cash invested:
$226,435
Square feet:
2,621
Cost per square foot:
$376
Monthly rent per square foot:
$1.34

Financing Details

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Loan amount:
$787,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$4,659
Property tax:
$252
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,156

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$252-$3,024
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (32%)
32%-$1,127-$13,524

Cash Flow


Monthly Yearly
Net operating income:
$2,163 $25,956
Mortgage payments:
-$4,659 -$55,908
Cash flow:
$2,496 $29,952