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$199,999

Sale Pending
3732 Cedar Ridge Dr, Norman, OK 73072
3 Beds
2 Baths
0 Square Feet
0.11 Acres Lot
Built in 1982
Sale Pending
1 Units
Checked: 1 day ago
Updated: Jul 08, 2025 at 03:03AM

Investment Summary


Monthly Cash Flow
-$141
Cap Rate
4.8%
Cash-on-Cash Return
-3.7%
Debt Coverage Ratio
0.85
Internal Rate of Return (5 years)
0.4%

Property Description


0.11 Acres Lot
Built in 1982
Sale Pending
1 Units

Step inside to find a spacious, open living area that’s ideal for entertaining or relaxing with family and friends. Each of the three well-sized bedrooms features ample storage, providing comfort for all. Discover this charming 3-bedroom, 2-bathroom unit in a well-maintained Westside Norman duplex, perfect for investors or those looking to make a smart move into the housing market or a first time home! Located in a prime area, this property offers great potential for rental income or a comfortable home. LOCATION LOCATION LOCATION! Near Shopping, restaurants, and right down the street from the University. Enjoy the benefits of a lovely backyard complete with a covered patio, perfect for outdoor gatherings or enjoying quiet moments outside. The unit has seen thoughtful updates, including a fresh coat of paint, modern countertops, stylish backsplashes, new carpet, and updated stainless steel appliances. Hard flooring throughout the living area, kitchen, and primary bedroom adds both style and ease of maintenance. This unit not only makes for a great home but also presents an excellent investment opportunity in a desirable neighborhood. Don’t miss out on the chance to make this property yours! Welcome home!

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Location


Property Details


Parking

  • Description: Attached Garage
  • Details: Attached, Concrete, Driveway, Garage, Garage Door Opener
  • 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: 5
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

Land Information

  • Land Use: Residential
  • Land Use Subtype: Multi-Family Dwellings (any combination 2+)

Lot Information

  • Parcel ID: NC29CEDRD219B001
  • Lot Size: 4792 sqft

Property Information

  • Property Type: Duplex
  • Style: Traditional
  • Year Built: 1982

Tax Information

  • Annual Tax: $1,937

Utilities

  • Heating: Natural Gas, Central
  • Cooling: Central Air

Location

  • County: Cleveland

Listing Details


Listed by:
Brooke Massey
Brix Realty
(580) 402-7772

Source:
MLSOK
MLS#: 1168921

Investment Summary


Monthly Cash Flow
-$141
Cap Rate
4.8%
Cash-on-Cash Return
-3.7%
Debt Coverage Ratio
0.85
Internal Rate of Return (5 years)
0.4%

Purchase Details

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Purchase price:
$199,999
Amount financed:
-$159,999
Down payment:
$40,000
Closing costs:
$6,000
Rehab costs:
$0
Initial cash invested:
$46,000
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$159,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$946
Property tax:
$161
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,205

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,400 $16,800
Vacancy loss: (6%)
6% -$84 -$1,008
Operating income:
$1,316 $15,792

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$161-$1,937
Insurance: (7%)
7%-$98-$1,176
Property management: (8%)
8%-$112-$1,344
Repairs & maintenance: (5%)
5%-$70-$840
Capital expenditures: (5%)
5%-$70-$840
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (37%)
37%-$511-$6,137

Cash Flow


Monthly Yearly
Net operating income:
$805 $9,660
Mortgage payments:
-$946 -$11,352
Cash flow:
$141 $1,692