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$659,888

For Sale - Active
417 N Base Ave, Norman, OK 73069
3 Beds
3 Baths
0 Square Feet
0.00 Acres Lot
Built in 2024
For Sale - Active
1 Units
Checked: 9 hours ago
Updated: Jul 03, 2025 at 03:14AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$2,294
Cap Rate
1.5%
Cash-on-Cash Return
-18.1%
Debt Coverage Ratio
0.27
Internal Rate of Return (5 years)
-13.5%

Property Description


0.00 Acres Lot
Built in 2024
For Sale - Active
1 Units

*Exclusive financing offer* The Kassidy floor plan offers a versatile living space spanning 2,809 square feet, perfectly tailored to meet the unique needs of homeowners. On the main floor, you'll find a family room with a cozy stone fireplace, built-in shelves, and stunning wood flooring. This seamlessly flows into the dining area and spacious kitchen, which features a large island with luxury quartz countertops, custom cabinets with ample storage, a built in gas Bertazzoni range, and an expansive walk-in pantry complete with a prep sink. For ultimate privacy, the primary suite is tucked away, offering its own fireplace as well as gorgeous wood flooring. A luxurious five-piece bath, and a generous walk-in closet that conveniently connects to the utility room. Additionally, the main floor includes a powder bath, mud room, and a study with incredible wainscot walls. On the second floor, you'll discover all the secondary bedrooms, along with a full bath and a versatile area that can be used as a playroom, game room, or casual gathering space as well as a thoughtfully designed computer nook. This beautiful luxury community located in Norman, OK will feature a neighborhood pool, spectacular clubhouse, pond with a pavilion, playground and plenty of walking trails and green space to enjoy year round. Nestled in a convenient location off of Tecumseh Road between North Porter Avenue and 12th Avenue NE., Pine Creek provides the perfect combination of a peaceful setting and convenient access to I 35 and central Norman. In Pine Creek, you can get to I-35 in 5 minutes, The University of Oklahoma in 10 and Tinker Airforce Base in less than 20 minutes! Included features: * Peace-of- mind warranties * 10-year structural warranty * Tankless water heater* Fully landscaped front & backyard * Fully fenced backyard. Floorplan may differ slightly from completed home.

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Location


Property Details


Parking

  • Description: Driveway, None
  • Details: Attached, Concrete, Driveway, Garage, Garage Door Opener
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $810/annually

Land Information

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

Lot Information

  • Parcel ID: NC29KUNKLA17001
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Craftsman
  • Year Built: 2024

Tax Information

  • Annual Tax: $0

Utilities

  • Heating: Fireplace Insert, Natural Gas, Central
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Cleveland

Listing Details


Listed by:
Vernon McKown
Principal Development LLC
(405) 486-9814

Source:
MLSOK
MLS#: 1145301

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$2,294
Cap Rate
1.5%
Cash-on-Cash Return
-18.1%
Debt Coverage Ratio
0.27
Internal Rate of Return (5 years)
-13.5%

Purchase Details

Find an Agent

Purchase price:
$659,888
Amount financed:
-$527,910
Down payment:
$131,978
Closing costs:
$19,797
Rehab costs:
$0
Initial cash invested:
$151,775
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$527,910
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,123
Property tax:
$0
Insurance:
$91
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,214

Operating Income

Find a Property Manager

% 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: (n/a)
n/an/an/a
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: (5%)
5%-$68-$816
Total operating expenses: (30%)
30%-$393-$4,716

Cash Flow


Monthly Yearly
Net operating income:
$829 $9,948
Mortgage payments:
-$3,123 -$37,476
Cash flow:
$2,294 $27,528