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$399,900

Sale Pending
3024 Wakefield Rd, Edmond, OK 73034
4 Beds
4 Baths
0 Square Feet
0.18 Acres Lot
Built in 2014
Sale Pending
Units n/a
Checked: 1 day ago
Updated: Jul 02, 2025 at 03:22AM

Investment Summary


Monthly Cash Flow
-$338
Cap Rate
4.7%
Cash-on-Cash Return
-4.4%
Debt Coverage Ratio
0.82
Internal Rate of Return (5 years)
-0.3%

Property Description


0.18 Acres Lot
Built in 2014
Sale Pending
Units n/a

Absolutely stunning 4 bed/ 2 full bath/ 2 half bath/ 3 garage home in the gated community of Hampden Hollow! This house is a steal as it comes loaded with lots of cool features such as shelving in the garage in addition to an inground storm shelter for peace of mind. The interior boasts an open living/dining layout with even a formal dining area that could be used for an office/flex space. Two of the secondary bedrooms are connected by a Jack & Jill bathroom with separate vanities for added privacy and space! You also have a downstairs powder bath for your guests! Upstairs, you'll find a nice large bonus room with a 1/2 bath that can serve as a media room, playroom, or whatever you desire! The master suite comes with a lovely tiled walk-in shower and separate whirlpool soaking tub, in addition to the stunning tray ceiling in the bedroom. The kitchen is a chef's dream with stainless steel appliances, gas range, large island and breakfast bar overlooking the living area! Spend your sunny days hanging out on the covered patio with the ceiling fan on or your chilly nights by the cozy gas fireplace right inside! The neighborhood comes with a community pool, playground, and even a spot for frisbee golf!

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Location


Property Details


Parking

  • Description: Attached, Concrete, Driveway, Garage, GarageDoorOpener
  • Details: Attached, Concrete, Driveway, Garage, Garage Door Opener
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 2
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 10
  • # 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: $850/annually

Land Information

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

Lot Information

  • Parcel ID: 211401230
  • Lot Size: 8011 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2014

Tax Information

  • Annual Tax: $4,507

Utilities

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

Location

  • County: Oklahoma

Listing Details


Listed by:
Steven G Morren
Sterling Real Estate
(405) 250-3000

Source:
MLSOK
MLS#: 1174461

Investment Summary


Monthly Cash Flow
-$338
Cap Rate
4.7%
Cash-on-Cash Return
-4.4%
Debt Coverage Ratio
0.82
Internal Rate of Return (5 years)
-0.3%

Purchase Details

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Purchase price:
$399,900
Amount financed:
-$319,920
Down payment:
$79,980
Closing costs:
$11,997
Rehab costs:
$0
Initial cash invested:
$91,977
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$319,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,892
Property tax:
$376
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,471

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$376-$4,507
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (2%)
2%-$71-$852
Total operating expenses: (40%)
40%-$1,172-$14,059

Cash Flow


Monthly Yearly
Net operating income:
$1,554 $18,648
Mortgage payments:
-$1,892 -$22,704
Cash flow:
$338 $4,056