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$390,000

Sold
7870 N 163rd East Ct, Owasso, OK 74055
4 Beds
3 Baths
2,319 Square Feet
0.50 Acres Lot
Built in 2005
Sold
Units n/a
Checked: 17 hours ago
Updated: Aug 08, 2025 at 03:01AM

Investment Summary


Monthly Cash Flow
-$588
Cap Rate
3.9%
Cash-on-Cash Return
-7.9%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-3.6%

Property Description


0.50 Acres Lot
Built in 2005
Sold
Units n/a

4 Bed (Plus Office), 3 Bath Home in Rockford Place on a large Cul-de-Sac Lot! Welcome to this beautiful and well-maintained 4 bedroom (plus dedicated office), 3 full bathroom home nestled in the sought-after Rockford Place addition of Owasso. Enjoy the flexibility of a 4th bedroom that could easily serve as a spacious game room. This full brick residence boasts a newer roof and HVAC systems for added peace of mind. Step inside to discover fresh, all-new interior paint and newer exterior paint, complemented by stunning new flooring throughout, including stylish luxury vinyl plank. The updated kitchen features gorgeous new quartz countertops and a modern backsplash. Situated on a large half-acre lot on a cul-de-sac, this property offers ample space and tranquility, along with a convenient 3-car garage and a sprinkler system to keep your lawn looking its best. Don't miss this exceptional opportunity!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 1
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Rockford Place
  • HOA Fee: $30/monthly

Land Information

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

Lot Information

  • Parcel ID: 0083318
  • Lot Size: 21887 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2005

Tax Information

  • Annual Tax: $2,763

Utilities

  • Heating: Natural Gas, Central
  • Cooling: Central Air

Location

  • County: Rogers

Listing Details


Listed by:
Jennifer Hicks
EH James Realty Advisors
(918) 606-5670

Source:
MLS Technology
MLS#: 2523150
MLS Technology

Investment Summary


Monthly Cash Flow
-$588
Cap Rate
3.9%
Cash-on-Cash Return
-7.9%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-3.6%

Purchase Details

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Purchase price:
$390,000
Amount financed:
-$312,000
Down payment:
$78,000
Closing costs:
$11,700
Rehab costs:
$0
Initial cash invested:
$89,700
Square feet:
2,319
Cost per square foot:
$168
Monthly rent per square foot:
$0.95

Financing Details

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Loan amount:
$312,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,846
Property tax:
$230
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,230

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: (10%)
10%-$230-$2,763
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: (1%)
1%-$30-$360
Total operating expenses: (37%)
37%-$810-$9,723

Cash Flow


Monthly Yearly
Net operating income:
$1,258 $15,096
Mortgage payments:
-$1,846 -$22,152
Cash flow:
$588 $7,056