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$1,050,000

For Sale - Active
8603 S Maybelle Ave, Tulsa, OK 74132
4 Beds
5 Baths
4,432 Square Feet
0.57 Acres Lot
Built in 2020
For Sale - Active
Units n/a
Checked: 24 hours ago
Updated: May 16, 2025 at 12:23PM

Investment Summary


Monthly Cash Flow
-$4,418
Cap Rate
1.2%
Cash-on-Cash Return
-22.0%
Debt Coverage Ratio
0.19
Internal Rate of Return (5 years)
-17.2%

Property Description


0.57 Acres Lot
Built in 2020
For Sale - Active
Units n/a

Gorgeous custom built home located on approx. 1/2 acre+ greenbelt lot. This exquisite home features 4 bedrooms (Primary & Guest suite down plus a half bathroom for guests and two bedrooms upstairs). In addition to the main living area you will find a spacious game room up stairs and media room downstairs, both featuring wet bars. Living room features a wall of windows overlooking pool, outdoor kitchen, greenbelt lot, floor to ceiling stone fireplace, and built in cabinetry. Kitchen features a large island with seating, commercial grade appliances including full side-by-side fridge/freezer, double ovens, built in microwave, with loads of countertop and cabinetry space! Primary suite is spacious and includes luxury wood floors, beautiful lighting and en suite bathroom. Primary bath has separate soaker tub, dual sinks, linen storage, separate shower with custom tile work and leads into a spacious laundry room! Huge master closet with ample storage, and built ins.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Total): 5.0

Interior Features

  • # of Rooms: 14
  • # of Stories: 1
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Type: Gable or Hip
  • Roof Material: Asphalt, Fiberglass
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 71333821468940
  • Lot Size: 24613 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other
  • Year Built: 2020

Tax Information

  • Annual Tax: $11,243

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Central, Zoned
  • Cooling: Central Air, Zoned

Location

  • County: Tulsa

Listing Details


Listed by:
Stephanie Joy
McGraw, REALTORS
(918) 760-6235

Source:
MLS Technology
MLS#: 2520287
MLS Technology

Investment Summary


Monthly Cash Flow
-$4,418
Cap Rate
1.2%
Cash-on-Cash Return
-22.0%
Debt Coverage Ratio
0.19
Internal Rate of Return (5 years)
-17.2%

Purchase Details

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Purchase price:
$1,050,000
Amount financed:
-$840,000
Down payment:
$210,000
Closing costs:
$31,500
Rehab costs:
$0
Initial cash invested:
$241,500
Square feet:
4,432
Cost per square foot:
$237
Monthly rent per square foot:
$0.65

Financing Details

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Loan amount:
$840,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$5,482
Property tax:
$937
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$6,622

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (32%)
32%-$937-$11,243
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (57%)
57%-$1,662-$19,943

Cash Flow


Monthly Yearly
Net operating income:
$1,064 $12,768
Mortgage payments:
-$5,482 -$65,784
Cash flow:
$4,418 $53,016