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$325,000

Sale Pending
615 E Schley St, Vian, OK 74962
4 Beds
5 Baths
3,580 Square Feet
0.45 Acres Lot
Built in 1979
Sale Pending
Units n/a
Checked: 10 hours ago
Updated: Jul 31, 2025 at 03:45AM

Investment Summary


Monthly Cash Flow
-$158
Cap Rate
5.1%
Cash-on-Cash Return
-2.5%
Debt Coverage Ratio
0.90
Internal Rate of Return (5 years)
1.5%

Property Description


0.45 Acres Lot
Built in 1979
Sale Pending
Units n/a

NEWLY RENOVATED AND SPACE, SPACE, SPACE: 4 BR with huge bonus room, 3 full bath, 2 half bath. 2 living areas, Great for a large family or hosting guests. if you are looking for an income producing property then this one is perfect for a Vacation Rental with plenty of space to entertain and is located just minutes from the water and entertainment. We are only 11 Miles from new Veterans Retirement Home in Sallisaw. Plenty of room and storage here. Newer roof and carpet. Plenty of outside covered parking for a boat and storage shed for equipment. Located just minutes from Kerr Lake and Lake Tenkiller. Furniture is new and negotiable. This home comes with a one-year home warranty. Adjoining 1/2 Acre is available for​​‌​​​​‌​‌​​​‌‌​​​‌‌‌​​‌​​‌‌​​​​ purchase.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Boat, Carport, Detached, Garage, RV Access/Parking, Storage, Driveway
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 2
  • # of Baths (Total): 5.0

Interior Features

  • # of Rooms: 16
  • # of Stories: 1
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

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

HOA

  • Association: Jimmie Rogers Add #2

Land Information

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

Lot Information

  • Parcel ID: 000022012022002800
  • Lot Size: 19602 sqft

Property Information

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

Tax Information

  • Annual Tax: $1,650

Utilities

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

Location

  • County: Sequoyah

Listing Details


Listed by:
Scott Letourneau
Property Solutions Real Estate
(931) 209-8058

Source:
MLS Technology
MLS#: 2510859
MLS Technology

Investment Summary


Monthly Cash Flow
-$158
Cap Rate
5.1%
Cash-on-Cash Return
-2.5%
Debt Coverage Ratio
0.90
Internal Rate of Return (5 years)
1.5%

Purchase Details

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Purchase price:
$325,000
Amount financed:
-$260,000
Down payment:
$65,000
Closing costs:
$9,750
Rehab costs:
$0
Initial cash invested:
$74,750
Square feet:
3,580
Cost per square foot:
$91
Monthly rent per square foot:
$0.61

Financing Details

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Loan amount:
$260,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,538
Property tax:
$138
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,830

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$138-$1,650
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (31%)
31%-$688-$8,250

Cash Flow


Monthly Yearly
Net operating income:
$1,380 $16,560
Mortgage payments:
-$1,538 -$18,456
Cash flow:
$158 $1,896