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$185,000

Sale Pending
2822 N Market Ave, Shawnee, OK 74804
3 Beds
2 Baths
0 Square Feet
0.90 Acres Lot
Built in 1960
Sale Pending
Units n/a
Checked: 1 day ago
Updated: Jul 09, 2025 at 03:15AM

Investment Summary


Monthly Cash Flow
-$7
Cap Rate
5.6%
Cash-on-Cash Return
-0.2%
Debt Coverage Ratio
0.99
Internal Rate of Return (5 years)
3.8%

Property Description


0.90 Acres Lot
Built in 1960
Sale Pending
Units n/a

Welcome to your new home. This adorable red brick home sits on a large corner lot measuring just under an acre! The home has double pane windows, gutters, a newer roof and an above ground storm shelter in the oversized garage. A wonderful layout with lots of open living space, new paint and beautiful hardwood floors. The kitchen has plenty of cabinets and counter top space plus an island. The kitchen sink has a window view of the backyard. All rooms have ceiling fans with the primary bedroom having a half bath and walk in closet. Located only 3 blocks from Oklahoma Baptist University! Close to shopping, restaurants and not far from the highway for easy commuting. This is one to see!

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Location


Property Details


Parking

  • Description: Attached Garage
  • Details: Attached, Garage
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 1
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Roof Type: Gable
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 367500002001000000
  • Lot Size: 38999 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1960

Tax Information

  • Annual Tax: $352

Utilities

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

Location

  • County: Pottawatomie

Listing Details


Listed by:
Rachelle Enright
Chamberlain Realty LLC
(405) 590-9045

Source:
MLSOK
MLS#: 1175773

Investment Summary


Monthly Cash Flow
-$7
Cap Rate
5.6%
Cash-on-Cash Return
-0.2%
Debt Coverage Ratio
0.99
Internal Rate of Return (5 years)
3.8%

Purchase Details

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Purchase price:
$185,000
Amount financed:
-$148,000
Down payment:
$37,000
Closing costs:
$5,550
Rehab costs:
$0
Initial cash invested:
$42,550
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$148,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$875
Property tax:
$29
Insurance:
$91
Private mortgage insurance (PMI):
$0
Monthly payment:
$995

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,300 $15,600
Vacancy loss: (6%)
6% -$78 -$936
Operating income:
$1,222 $14,664

Operating Expenses


% Rent Monthly Yearly
Property taxes: (2%)
2%-$29-$352
Insurance: (7%)
7%-$91-$1,092
Property management: (8%)
8%-$104-$1,248
Repairs & maintenance: (5%)
5%-$65-$780
Capital expenditures: (5%)
5%-$65-$780
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (27%)
27%-$354-$4,252

Cash Flow


Monthly Yearly
Net operating income:
$868 $10,416
Mortgage payments:
-$875 -$10,500
Cash flow:
$7 $84