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$189,500

For Sale - Active
710 Highland Pkwy, Norman, OK 73069
3 Beds
1 Bath
0 Square Feet
0.28 Acres Lot
Built in 1954
For Sale - Active
1 Units
Checked: 1 day ago
Updated: Jul 15, 2025 at 05:46AM

Investment Summary


Monthly Cash Flow
-$89
Cap Rate
5.1%
Cash-on-Cash Return
-2.5%
Debt Coverage Ratio
0.90
Internal Rate of Return (5 years)
1.6%

Property Description


0.28 Acres Lot
Built in 1954
For Sale - Active
1 Units

Welcome to 710 Highland Parkway—a charming, thoughtfully updated home nestled in one of Norman’s most established neighborhoods. This 3-bedroom, 1-bath property offers the perfect blend of classic character and modern comfort. Inside, you’ll find beautifully refinished hardwood floors, fresh interior paint, and a light-filled living space that flows seamlessly into a stylish kitchen featuring granite countertops and updated finishes and new appliances in 2022. The bathroom has been fully remodeled with clean, contemporary touches, making this home truly move-in ready. This home was remodeled in 2022 and a new 2.5 ton Trane HVAC was installed with all new r-8 flex ducting. Situated on a spacious 0.28-acre lot, the large fenced backyard offers plenty of room for entertaining, gardening, or relaxing on the brand-new back deck. An attached one-car garage adds extra convenience. Located just minutes from I-35, the University of Oklahoma, and local shops and restaurants.

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Location


Property Details


Parking

  • Description: Attached, Garage
  • Details: Attached, Garage, Garage Door Opener
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 0
  • # of Stories: 1

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: NC29WODW1446001
  • Lot Size: 12367 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other
  • Year Built: 1954

Tax Information

  • Annual Tax: $1,896

Utilities

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

Location

  • County: Cleveland

Listing Details


Listed by:
Dana M Rieger
Rieger Realty LLC
(405) 310-2796

Source:
MLSOK
MLS#: 1176146

Investment Summary


Monthly Cash Flow
-$89
Cap Rate
5.1%
Cash-on-Cash Return
-2.5%
Debt Coverage Ratio
0.90
Internal Rate of Return (5 years)
1.6%

Purchase Details

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Purchase price:
$189,500
Amount financed:
-$151,600
Down payment:
$37,900
Closing costs:
$5,685
Rehab costs:
$0
Initial cash invested:
$43,585
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$151,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$897
Property tax:
$158
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,153

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,400 $16,800
Vacancy loss: (6%)
6% -$84 -$1,008
Operating income:
$1,316 $15,792

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$158-$1,896
Insurance: (7%)
7%-$98-$1,176
Property management: (8%)
8%-$112-$1,344
Repairs & maintenance: (5%)
5%-$70-$840
Capital expenditures: (5%)
5%-$70-$840
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (36%)
36%-$508-$6,096

Cash Flow


Monthly Yearly
Net operating income:
$808 $9,696
Mortgage payments:
-$897 -$10,764
Cash flow:
$89 $1,068