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$159,500

For Sale - Active
311 Gawf Rd, Muskogee, OK 74403
3 Beds
2 Baths
1,673 Square Feet
0.24 Acres Lot
Built in 1980
For Sale - Active
Units n/a
Checked: 24 hours ago
Updated: Sep 03, 2025 at 06:30PM

Investment Summary


Monthly Cash Flow
$300
Cap Rate
7.9%
Cash-on-Cash Return
9.8%
Debt Coverage Ratio
1.40
Internal Rate of Return (5 years)
13.6%

Property Description


0.24 Acres Lot
Built in 1980
For Sale - Active
Units n/a

Opportunity Awaits in Phoenix Village! This 3 bed, 2 bath home is full of character and ready for your personal touch. Featuring a formal dining area, a sunken living room with vaulted ceilings, and a kitchen equipped with a breakfast nook, pantry, and island — there's plenty of space to make it your own. The Florida Room opens to a privacy-fenced backyard, perfect for relaxing or entertaining. Laminate flooring, tile for bathrooms, fixtures and more are included with the purchase; seller has been unable to complete the remodel. With a little TLC, this home could shine again. The seller is ready for a change — are you ready to make it yours?

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Location


Property Details


Parking

  • Description: Garage
  • Details: Concrete, Attached, Garage
  • 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: 10
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 528031015006102106
  • Lot Size: 10350 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1980

Tax Information

  • Annual Tax: $1,416

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Muskogee

Listing Details


Listed by:
Karra M Wardour
Interstate Properties, Inc.
(918) 781-9197

Source:
MLS Technology
MLS#: 2536741
MLS Technology

Investment Summary


Monthly Cash Flow
$300
Cap Rate
7.9%
Cash-on-Cash Return
9.8%
Debt Coverage Ratio
1.40
Internal Rate of Return (5 years)
13.6%

Purchase Details

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Purchase price:
$159,500
Amount financed:
-$127,600
Down payment:
$31,900
Closing costs:
$4,785
Rehab costs:
$0
Initial cash invested:
$36,685
Square feet:
1,673
Cost per square foot:
$95
Monthly rent per square foot:
$1.02

Financing Details

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Loan amount:
$127,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$755
Property tax:
$118
Insurance:
$119
Private mortgage insurance (PMI):
$0
Monthly payment:
$992

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,700 $20,400
Vacancy loss: (6%)
6% -$102 -$1,224
Operating income:
$1,598 $19,176

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$118-$1,416
Insurance: (7%)
7%-$119-$1,428
Property management: (8%)
8%-$136-$1,632
Repairs & maintenance: (5%)
5%-$85-$1,020
Capital expenditures: (5%)
5%-$85-$1,020
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (32%)
32%-$543-$6,516

Cash Flow


Monthly Yearly
Net operating income:
$1,055 $12,660
Mortgage payments:
-$755 -$9,060
Cash flow:
$300 $3,600