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$299,000

For Sale - Active
341 S Diamondhead Dr, Burneyville, OK 73430
3 Beds
2 Baths
2,260 Square Feet
1.00 Acres Lot
Built in 1976
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: Aug 02, 2025 at 03:07AM

Investment Summary


Monthly Cash Flow
-$411
Cap Rate
4.0%
Cash-on-Cash Return
-7.2%
Debt Coverage Ratio
0.71
Internal Rate of Return (5 years)
-3.0%

Property Description


1.00 Acres Lot
Built in 1976
For Sale - Active
Units n/a

Your Personal Sanctuary & Workshop! The oversized metal shop is more than just a garage — it’s a hobbyist’s paradise and a backyard retreat all in one. Whether you're storing recreational toys, pursuing your latest DIY project, or simply escaping to your private getaway, this versatile space makes dreams come true. It's the perfect place to create, relax, and unwind right at home. Nestled in the gated Falconhead Resort & Country Club, this property is located in a premier golf community with access to exceptional amenities, including a clubhouse, swimming pool, and fishing lakes, all set against the stunning backdrop of Falconhead's lush greens. Enjoy the serenity and beauty of wildlife, with deer frequently spotted in the spacious backyard. Perfectly situated for easy access to major highways and nearby recreational spots, this home offers resort-style living at its finest. Experience the perfect combination of relaxation and nature—schedule your viewing today!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Concrete, Detached, Garage, Storage, Workshop in Garage
  • Garage Spaces: 4
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 9
  • # of Stories: 1
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: falconhead Phase 1
  • HOA Fee: $268/monthly

Land Information

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

Lot Information

  • Parcel ID: 412A00001011000000
  • Lot Size: 43560 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1976

Tax Information

  • Annual Tax: $1,294

Utilities

  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Love

Listing Details


Listed by:
Elena Marrufo
Ebby Halliday REALTORS
(903) 267-4818

Source:
MLS Technology
MLS#: 2510469
MLS Technology

Investment Summary


Monthly Cash Flow
-$411
Cap Rate
4.0%
Cash-on-Cash Return
-7.2%
Debt Coverage Ratio
0.71
Internal Rate of Return (5 years)
-3.0%

Purchase Details

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Purchase price:
$299,000
Amount financed:
-$239,200
Down payment:
$59,800
Closing costs:
$8,970
Rehab costs:
$0
Initial cash invested:
$68,770
Square feet:
2,260
Cost per square foot:
$132
Monthly rent per square foot:
$0.88

Financing Details

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Loan amount:
$239,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,415
Property tax:
$108
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,663

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$108-$1,294
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (13%)
13%-$268-$3,216
Total operating expenses: (44%)
44%-$876-$10,510

Cash Flow


Monthly Yearly
Net operating income:
$1,004 $12,048
Mortgage payments:
-$1,415 -$16,980
Cash flow:
$411 $4,932