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$137,000

For Sale - Active
409 W Arkansas St, Durant, OK 74701
3 Beds
1 Bath
1,008 Square Feet
0.16 Acres Lot
Built in 1987
For Sale - Active
Units n/a
Checked: 15 hours ago
Updated: Jul 01, 2025 at 09:27AM

Investment Summary


Monthly Cash Flow
$68
Cap Rate
6.3%
Cash-on-Cash Return
2.6%
Debt Coverage Ratio
1.10
Internal Rate of Return (5 years)
6.5%

Property Description


0.16 Acres Lot
Built in 1987
For Sale - Active
Units n/a

Welcome to this cozy, well-maintained home only one block from Downtown Durant. Perfect for first-time homeowners, downsizers, or anyone looking for comfortable and affordable living space with a 25x30 shop in the backyard. This home offers a practical layout that maximizes space and comfort and a new roof in 2022. A well-built shop sits behind the home offering ample room for hobbies, crafts and storage. Home is being sold as-is.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1
  • Basement Description: Crawl Space

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Roof Material: Metal

HOA

  • Association: Durant OT

Land Information

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

Lot Information

  • Parcel ID: A00100222001000100
  • Lot Size: 6837 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other
  • Year Built: 1987

Tax Information

  • Annual Tax: $516

Utilities

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

Location

  • County: Bryan

Listing Details


Listed by:
Shaina Crites-Bowen
Heartbeat Realty, LLC
(580) 380-9994

Source:
MLS Technology
MLS#: 2519064
MLS Technology

Investment Summary


Monthly Cash Flow
$68
Cap Rate
6.3%
Cash-on-Cash Return
2.6%
Debt Coverage Ratio
1.10
Internal Rate of Return (5 years)
6.5%

Purchase Details

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Purchase price:
$137,000
Amount financed:
-$109,600
Down payment:
$27,400
Closing costs:
$4,110
Rehab costs:
$0
Initial cash invested:
$31,510
Square feet:
1,008
Cost per square foot:
$136
Monthly rent per square foot:
$1.09

Financing Details

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Loan amount:
$109,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$648
Property tax:
$43
Insurance:
$77
Private mortgage insurance (PMI):
$0
Monthly payment:
$768

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,100 $13,200
Vacancy loss: (6%)
6% -$66 -$792
Operating income:
$1,034 $12,408

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$43-$516
Insurance: (7%)
7%-$77-$924
Property management: (8%)
8%-$88-$1,056
Repairs & maintenance: (5%)
5%-$55-$660
Capital expenditures: (5%)
5%-$55-$660
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (29%)
29%-$318-$3,816

Cash Flow


Monthly Yearly
Net operating income:
$716 $8,592
Mortgage payments:
-$648 -$7,776
Cash flow:
$68 $816