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$399,900

For Sale - Active
475 N Spinnaker Run, Stigler, OK 74462
3 Beds
3 Baths
2,060 Square Feet
0.58 Acres Lot
Built in 2002
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: Aug 27, 2025 at 10:07AM

Investment Summary


Monthly Cash Flow
-$782
Cap Rate
3.3%
Cash-on-Cash Return
-10.2%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-5.9%

Property Description


0.58 Acres Lot
Built in 2002
For Sale - Active
Units n/a

OWN YOUR LAKE HOME INSIDE THE PRESTIGIOUS SPINNAKER POINT GATED COMMUNITY! Come to Lake Eufaula, OK and enjoy your lake home in a community with paved roads, gated entrance, lake access, sandy beach and more! Enjoy your spacious home that features granite counter tops, ktichen island, large bedrooms, 2.5 bathrooms, easy maintenance floors and a gas log fireplace. Outside enjoy your outdoor kitchen area, fire pit, and privacy, and, shower off in your outdoor shower! A great place to entertain and relax!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Spinnaker Point
  • HOA Fee: $450/annually

Land Information

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

Lot Information

  • Parcel ID: 256000000000A00006
  • Lot Size: 25265 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: FrenchProvincial
  • Year Built: 2002

Tax Information

  • Annual Tax: $2,787

Utilities

  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Pittsburg

Listing Details


Listed by:
Karen Weldin
Eufaula Lakeshore Realty, LLC
(918) 605-7405

Source:
MLS Technology
MLS#: 2529121
MLS Technology

Investment Summary


Monthly Cash Flow
-$782
Cap Rate
3.3%
Cash-on-Cash Return
-10.2%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-5.9%

Purchase Details

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Purchase price:
$399,900
Amount financed:
-$319,920
Down payment:
$79,980
Closing costs:
$11,997
Rehab costs:
$0
Initial cash invested:
$91,977
Square feet:
2,060
Cost per square foot:
$194
Monthly rent per square foot:
$0.97

Financing Details

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Loan amount:
$319,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,892
Property tax:
$232
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,264

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$232-$2,787
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (2%)
2%-$38-$456
Total operating expenses: (39%)
39%-$770-$9,243

Cash Flow


Monthly Yearly
Net operating income:
$1,110 $13,320
Mortgage payments:
-$1,892 -$22,704
Cash flow:
$782 $9,384