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$349,700

For Sale - Active
2400 Stonebridge Dr, Norman, OK 73071
4 Beds
4 Baths
0 Square Feet
0.21 Acres Lot
Built in 2000
For Sale - Active
1 Units
Checked: 1 day ago
Updated: Jul 10, 2025 at 03:10AM

Investment Summary


Monthly Cash Flow
-$430
Cap Rate
4.2%
Cash-on-Cash Return
-6.4%
Debt Coverage Ratio
0.74
Internal Rate of Return (5 years)
-2.2%

Property Description


0.21 Acres Lot
Built in 2000
For Sale - Active
1 Units

*** NEW PRICE *** There's so much to love about this corner lot home in St James Park– super convenient to Hwy 9 and an easy commute to Tinker. The facade includes hints of French Country style with its arched entry and beautiful French doors. The open floor plan welcomes you in with its spacious entry, dining room, and living room with fireplace. Two bedrooms with a shared full bath are just off the living room. The kitchen and breakfast area are the center piece of this home featuring granite counters, tons of cabinet space, gas range & hood, and plenty of bar space for visiting. At the back of the house is the fully heated and cooled sun room that can serve as an office, workout room, or whatever else you can think of. On the way to the primary suite at the other end of the house, you'll find an additional bedroom with a lovely dormer and full bath upstairs. Back downstairs, you'll find a half bath for guests, fully separate laundry room, and two car garage with storm shelter. Finally, down the short hallway, you'll find the owner's retreat with large bedroom and en suite bathroom with separate jetted tub and shower, private water closet, and large walk-in closet. You don't want to miss this amazing home in beautiful St James Park. Book your exclusive tour today!

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Location


Property Details


Parking

  • Description: Attached, Driveway, Garage, GarageDoorOpener
  • Details: Attached, Concrete, Driveway, Garage, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 1
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $365/annually

Land Information

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

Lot Information

  • Parcel ID: NC29SJPK141001
  • Lot Size: 9148 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2000

Tax Information

  • Annual Tax: $4,814

Utilities

  • Heating: Fireplace Insert, Natural Gas, Central
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Cleveland

Listing Details


Listed by:
Steve Webb
Keller Williams Realty Mulinix
(405) 570-7319

Source:
MLSOK
MLS#: 1167171

Investment Summary


Monthly Cash Flow
-$430
Cap Rate
4.2%
Cash-on-Cash Return
-6.4%
Debt Coverage Ratio
0.74
Internal Rate of Return (5 years)
-2.2%

Purchase Details

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Purchase price:
$349,700
Amount financed:
-$279,760
Down payment:
$69,940
Closing costs:
$10,491
Rehab costs:
$0
Initial cash invested:
$80,431
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$279,760
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,655
Property tax:
$401
Insurance:
$168
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,224

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,400 $28,800
Vacancy loss: (6%)
6% -$144 -$1,728
Operating income:
$2,256 $27,072

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$401-$4,814
Insurance: (7%)
7%-$168-$2,016
Property management: (8%)
8%-$192-$2,304
Repairs & maintenance: (5%)
5%-$120-$1,440
Capital expenditures: (5%)
5%-$120-$1,440
HOA fees: (1%)
1%-$30-$360
Total operating expenses: (43%)
43%-$1,031-$12,374

Cash Flow


Monthly Yearly
Net operating income:
$1,225 $14,700
Mortgage payments:
-$1,655 -$19,860
Cash flow:
$430 $5,160