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$344,900

For Sale - Active
7003 Country Ln, Tuttle, OK 73089
3 Beds
2 Baths
0 Square Feet
2.10 Acres Lot
Built in 1980
For Sale - Active
Units n/a
Checked: 16 hours ago
Updated: Jun 18, 2025 at 03:21AM

Investment Summary


Monthly Cash Flow
-$563
Cap Rate
4.3%
Cash-on-Cash Return
-8.5%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-4.3%

Property Description


2.10 Acres Lot
Built in 1980
For Sale - Active
Units n/a

Charming Ranch-Style Home on 2.5 Acres with Greenhouse & Outbuildings – Tuttle, OK Discover the perfect blend of country living and convenience with this charming ranch-style brick home nestled on a corner lot in Tuttle, just minutes from the highway and less than 20 minutes from OKC! This 3-bedroom, 2-bathroom home features an open layout with an extra-large living area, offering flexibility as a second living room, extra bedroom, or flex space. The laminate wood flooring throughout the living room and bedrooms adds warmth and durability. Brand new wood floor in the kitchen and hallway. The primary bedroom includes its own private en-suite bath, while the Jack-and-Jill bathroom conveniently serves the other two bedrooms. New exterior paint and new light fixtures! The home is powered entirely by electricity, has well water with a recently replaced water filter (2023), and includes an inground storm shelter for added safety. Step outside to enjoy 2.5 acres of flat, usable land, complete with multiple structures that make this property ideal for homesteading, farming, or a variety of business ventures: 120 ft x 42 ft greenhouse with a water sprinkler system, two propane tanks, and four heaters – plus materials for a second large greenhouse. 30x30x12 metal shed for equipment storage 30x11x10 wooden shed for additional space 12x40x16 tall building, previously used as a chicken house Carport for extra vehicle or RV parking Large driveway providing ample parking With so much space and opportunity, this property is perfect for those looking to embrace country living while staying close to the city. Don’t miss out—schedule your showing today!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: 018000000001000000
  • Lot Size: 91476 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1980

Tax Information

  • Annual Tax: $3,300

Utilities

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

Location

  • County: Grady

Listing Details


Listed by:
Thao Nguyen-Pham
Spearhead Realty Group LLC
(405) 514-0930

Source:
MLSOK
MLS#: 1159661

Investment Summary


Monthly Cash Flow
-$563
Cap Rate
4.3%
Cash-on-Cash Return
-8.5%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-4.3%

Purchase Details

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Purchase price:
$344,900
Amount financed:
-$275,920
Down payment:
$68,980
Closing costs:
$10,347
Rehab costs:
$0
Initial cash invested:
$79,327
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$275,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,806
Property tax:
$275
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,235

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: (13%)
13%-$275-$3,300
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: (38%)
38%-$825-$9,900

Cash Flow


Monthly Yearly
Net operating income:
$1,243 $14,916
Mortgage payments:
-$1,806 -$21,672
Cash flow:
$563 $6,756