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$198,000

For Sale - Active
47 S 204th East Ave, Tulsa, OK 74108
3 Beds
2 Baths
1,043 Square Feet
0.18 Acres Lot
Built in 1962
For Sale - Active
Units n/a
Checked: 8 hours ago
Updated: May 20, 2025 at 09:22AM

Investment Summary


Monthly Cash Flow
-$21
Cap Rate
5.6%
Cash-on-Cash Return
-0.6%
Debt Coverage Ratio
0.98
Internal Rate of Return (5 years)
3.5%

Property Description


0.18 Acres Lot
Built in 1962
For Sale - Active
Units n/a

This property is not currently listed for sale or rent on BiggerPockets. The details below may have been provided by the owner, a third party, or public records.

Located at 47 S 204th East Ave, Tulsa, OK (ZIP code 74108) this single family residence features 3 bedrooms, 2 bathrooms and approximately 1,043 square feet of living space. The property sits on a 0.18 acre lot and was built in 1962.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Concrete, Attached, Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1

Exterior Features

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

HOA

  • Association: Rolling Hills

Land Information

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

Lot Information

  • Parcel ID: 001639002021000000
  • Lot Size: 7627 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other
  • Year Built: 1962

Tax Information

  • Annual Tax: $594

Utilities

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

Location

  • County: Wagoner

Listing Details


Listed by:
Terry Hassell
M & T Realty Group
(918) 884-7653

Source:
MLS Technology
MLS#: 2440961
MLS Technology

Investment Summary


Monthly Cash Flow
-$21
Cap Rate
5.6%
Cash-on-Cash Return
-0.6%
Debt Coverage Ratio
0.98
Internal Rate of Return (5 years)
3.5%

Purchase Details

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Purchase price:
$198,000
Amount financed:
-$158,400
Down payment:
$39,600
Closing costs:
$5,940
Rehab costs:
$0
Initial cash invested:
$45,540
Square feet:
1,043
Cost per square foot:
$190
Monthly rent per square foot:
$1.34

Financing Details

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Loan amount:
$158,400
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$937
Property tax:
$50
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,085

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: (4%)
4%-$50-$594
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: (29%)
29%-$400-$4,794

Cash Flow


Monthly Yearly
Net operating income:
$916 $10,992
Mortgage payments:
-$937 -$11,244
Cash flow:
$21 $252