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$170,000

For Sale - Active
310 S New Bethel Blvd, Ada, OK 74820
3 Beds
2 Baths
1,587 Square Feet
1.26 Acres Lot
Built in 1970
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jun 07, 2025 at 01:30AM

Investment Summary


Monthly Cash Flow
-$9
Cap Rate
5.6%
Cash-on-Cash Return
-0.3%
Debt Coverage Ratio
0.99
Internal Rate of Return (5 years)
3.7%

Property Description


1.26 Acres Lot
Built in 1970
For Sale - Active
Units n/a

You will want to make this Amazing Property your own!!! This 3 Bdrm, 2 Full-Bath home sits on a spacious 1.25-acre lot and is just down the road from Byng School—perfect for families looking to put down roots. With a brand-new HVAC system and energy-efficient solar panels already installed, much of the heavy lifting is done. Enjoy low utility bills year-round! The large lot offers endless possibilities—expand, garden, build a workshop, or simply enjoy the open space and privacy. This home is move-in ready but full of potential if you would like to make some updates and turn this into your dream home!! Don’t miss this rare chance to create something special in a great location. Priced to sell and full of potential!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Garage Faces Side
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 0
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Material: Asphalt, Fiberglass

HOA

  • Association: Byng Heights

Land Information

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

Lot Information

  • Parcel ID: 106500000028000000
  • Lot Size: 55040 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1970

Tax Information

  • Annual Tax: $1,228

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Central
  • Cooling: Central Air

Location

  • County: Pontotoc

Listing Details


Listed by:
Sheila Goad
Mary Terry & Associates Real E
(580) 272-4423

Source:
MLS Technology
MLS#: 2522931
MLS Technology

Investment Summary


Monthly Cash Flow
-$9
Cap Rate
5.6%
Cash-on-Cash Return
-0.3%
Debt Coverage Ratio
0.99
Internal Rate of Return (5 years)
3.7%

Purchase Details

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Purchase price:
$170,000
Amount financed:
-$136,000
Down payment:
$34,000
Closing costs:
$5,100
Rehab costs:
$0
Initial cash invested:
$39,100
Square feet:
1,587
Cost per square foot:
$107
Monthly rent per square foot:
$0.82

Financing Details

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Loan amount:
$136,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$804
Property tax:
$102
Insurance:
$91
Private mortgage insurance (PMI):
$0
Monthly payment:
$997

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: (8%)
8%-$102-$1,228
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: (33%)
33%-$427-$5,128

Cash Flow


Monthly Yearly
Net operating income:
$795 $9,540
Mortgage payments:
-$804 -$9,648
Cash flow:
$9 $108