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$675,000

For Sale - Active
701 Tacoma Bridge Ct, Edmond, OK 73034
4 Beds
4 Baths
0 Square Feet
0.57 Acres Lot
Built in 2013
For Sale - Active
Units n/a
Checked: 10 hours ago
Updated: Jul 04, 2025 at 03:02AM

Investment Summary


Monthly Cash Flow
-$1,581
Cap Rate
2.9%
Cash-on-Cash Return
-12.2%
Debt Coverage Ratio
0.51
Internal Rate of Return (5 years)
-7.8%

Property Description


0.57 Acres Lot
Built in 2013
For Sale - Active
Units n/a

First offering of this custom built home with the rustic warmth you've been wanting. Welcome to 701 Tacoma Bridge Court, situated on over half an acre in the highly desirable Twin Bridges. Ready for living and enjoying with an open concept mixed with cozy spaces. Hand scraped wood flooring throughout the main living areas and dining room with a stone wall feature, accented by cedar beam details, and a stone fireplace flanked by built-ins in the living room with vaulted ceilings and real wood beams. Large windows look out from the living and kitchen onto the covered back patio, a great spot for al fresco dining along with a second fireplace and grill. A concrete area leads out into the .57 acre lot for an additional lounging or dining spot. The kitchen highlights warm tones and natural stone surfaces, a double oven, prep island, and ample seating at the bar or in the breakfast nook. The main level includes the master suite with bathroom and large closet, a half bath, dedicated office, and the three additional bedrooms with a J&J full bathroom. Upstairs is the newly added full bathroom, and bonus/flex space which could serve as a 5th bedroom. Seller's have updated the master bathroom, added a bathroom upstairs just before listing, and fresh paint throughout most areas. Community pool, club house, walking trails, ponds, and multiple HOA activities throughout the year are just some of the reasons you'll love living here. Schedule a private showing today to experience this home yourself!

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Location


Property Details


Parking

  • Description: Attached Garage
  • Details: Attached, Concrete, Driveway, Garage, Garage Door Opener
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Roof Type: Hip
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $500/annually

Land Information

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

Lot Information

  • Parcel ID: 211002060
  • Lot Size: 24677 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other
  • Year Built: 2013

Tax Information

  • Annual Tax: $6,640

Utilities

  • Heating: Natural Gas, Central
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Oklahoma

Listing Details


Listed by:
Emoly Walters
Sage Sotheby's Realty
(405) 640-8923

Source:
MLSOK
MLS#: 1170400

Investment Summary


Monthly Cash Flow
-$1,581
Cap Rate
2.9%
Cash-on-Cash Return
-12.2%
Debt Coverage Ratio
0.51
Internal Rate of Return (5 years)
-7.8%

Purchase Details

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Purchase price:
$675,000
Amount financed:
-$540,000
Down payment:
$135,000
Closing costs:
$20,250
Rehab costs:
$0
Initial cash invested:
$155,250
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$540,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,194
Property tax:
$553
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,971

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$553-$6,640
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (1%)
1%-$42-$504
Total operating expenses: (44%)
44%-$1,395-$16,744

Cash Flow


Monthly Yearly
Net operating income:
$1,613 $19,356
Mortgage payments:
-$3,194 -$38,328
Cash flow:
$1,581 $18,972