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$724,891

For Sale - Active
421 N Base Ave, Norman, OK 73069
5 Beds
4 Baths
0 Square Feet
0.00 Acres Lot
Built in 2025
For Sale - Active
Units n/a
Checked: 1 day 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
-$2,532
Cap Rate
1.5%
Cash-on-Cash Return
-18.2%
Debt Coverage Ratio
0.26
Internal Rate of Return (5 years)
-13.6%

Property Description


0.00 Acres Lot
Built in 2025
For Sale - Active
Units n/a

This stunning open floor plan is a literal dream. The living room's soaring cathedral ceilings with wood beams and windows overlook the backyard and provide a light and airy ambiance. Premium cabinets and built-in gas Bertazzoni appliances in the kitchen are complemented by a huge island and easily accessible pantry, while the tucked-away breakfast area features double French doors leading to a covered patio with an incredible cedar stained ceiling for outdoor activities and entertaining. The double-sided fireplace separating the living room and kitchen is an incredible feature you and your guests will be sure to love. On the main floor, the primary bedroom is a tranquil retreat with high ceilings and ample natural light flooding through large windows. The adjacent primary bath boasts vaulted ceilings, stylish dual quartz vanities, a freestanding tub, and a luxurious tiled shower. The dreamy primary walk-in closet opens up to a laundry room complete with additional custom cabinets and a sink to make laundry day easy and convenient. Also located on the main floor is a flex space that serves as a formal dining area, home office, play room, or home gym. There is also a well-placed powder bath on the ground floor for guests. 2 more bedrooms, each with a walk-in closet, and a jack-and-jill bath round out the main level. Upstairs, the bonus room, the 4th and 5th bedrooms, and a full bath add even more convenience and versatility to this already impressive home. 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. 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 Hot Water Tank* Fully landscaped front & backyard* Fully fenced backyard.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 11
  • # 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: NC29KUNKLA18001
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Modern
  • Year Built: 2025

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#: 1153089

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
-$2,532
Cap Rate
1.5%
Cash-on-Cash Return
-18.2%
Debt Coverage Ratio
0.26
Internal Rate of Return (5 years)
-13.6%

Purchase Details

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Purchase price:
$724,891
Amount financed:
-$579,913
Down payment:
$144,978
Closing costs:
$21,747
Rehab costs:
$0
Initial cash invested:
$166,725
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$579,913
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,430
Property tax:
$0
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,528

Operating Income

Find a Property Manager

% 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: (n/a)
n/an/an/a
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: (5%)
5%-$68-$816
Total operating expenses: (30%)
30%-$418-$5,016

Cash Flow


Monthly Yearly
Net operating income:
$898 $10,776
Mortgage payments:
-$3,430 -$41,160
Cash flow:
$2,532 $30,384