Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$165,000

For Sale - Active
511 W Allen Rd, Tahlequah, OK 74464
3 Beds
2 Baths
1,126 Square Feet
0.16 Acres Lot
Built in 1979
For Sale - Active
Units n/a
Checked: 11 hours ago
Updated: Sep 08, 2025 at 06:31PM

Investment Summary


Monthly Cash Flow
$62
Cap Rate
6.1%
Cash-on-Cash Return
2.0%
Debt Coverage Ratio
1.08
Internal Rate of Return (5 years)
5.9%

Property Description


0.16 Acres Lot
Built in 1979
For Sale - Active
Units n/a

Welcome to this conveniently located 3-bedroom, 1.5-bathroom home, offering 1126 sq ft (per CH) of comfortable living space. This property is ideally situated close to the newly updated sports complex, the pool, and the college, making it perfect for families, students, or sports enthusiasts. Plus, with easy access to town, you'll have all the conveniences you need right at your fingertips. Whether you're a first-time homebuyer, a college student, or a family seeking a home in a great location, this home is a great choice. Don't miss out on this conveniently located home!

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Avatar
Avatar
Avatar

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent
Avatar
Avatar
Avatar

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender
Avatar
Avatar
Avatar

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager
Avatar
Avatar
Avatar

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Garage
  • Details: Concrete, Attached, Garage, Storage, Workshop in Garage
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 0
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

HOA

  • Association: Tahlequah Lots

Land Information

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

Lot Information

  • Parcel ID: 39992917N22E004000
  • Lot Size: 6970 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary
  • Year Built: 1979

Tax Information

  • Annual Tax: $643

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Cherokee

Listing Details


Listed by:
Juan M. Perez
C21/Wright Real Estate
(918) 928-5813

Source:
MLS Technology
MLS#: 2531242
MLS Technology

Investment Summary


Monthly Cash Flow
$62
Cap Rate
6.1%
Cash-on-Cash Return
2.0%
Debt Coverage Ratio
1.08
Internal Rate of Return (5 years)
5.9%

Purchase Details

Find an Agent

Purchase price:
$165,000
Amount financed:
-$132,000
Down payment:
$33,000
Closing costs:
$4,950
Rehab costs:
$0
Initial cash invested:
$37,950
Square feet:
1,126
Cost per square foot:
$147
Monthly rent per square foot:
$1.15

Financing Details

Find a Lender

Loan amount:
$132,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$781
Property tax:
$54
Insurance:
$91
Private mortgage insurance (PMI):
$0
Monthly payment:
$926

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: (4%)
4%-$54-$643
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: (n/a)
n/an/an/a
Total operating expenses: (29%)
29%-$379-$4,543

Cash Flow


Monthly Yearly
Net operating income:
$843 $10,116
Mortgage payments:
-$781 -$9,372
Cash flow:
$62 $744