Oklahoma City Oklahoma Investment Property

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Oklahoma City Investment Property
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 Lariet Lane (Del City), Oklahoma City, 73115  [TAB]
10 Photos
Home for sale: Lariet Lane (Del City), Oklahoma City, OK
   
Purchase Price: $64,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $695
Bedrooms: 3 Property Tax: $66
Bathrooms: 1 Insurance/HOA: $54
Size: (sq ft) 1,065  Property Mgmt: $56
Price/Sq foot:  $60 Cash Flow: (Raw) $519
Year Built: 1950 Cap Rate: 9.7%
Parking: 1 Rent/Value Ratio: 1.1%
Neighborhood: B DealGrader™: 7.7
Currently cash flowing 3 beds, 1 bath in Del City leased at $695/month. Updates include: AC and AC duct repairs, sheetrock and garage ceiling repairs, plumbing, electrical, siding repairs, storm door replaced, doors throughout the house and grounded rods installation. 
 Cheek Place (Del City), Oklahoma City, 73115  [TAB]
10 Photos
Home for sale: Cheek Place (Del City), Oklahoma City, OK
   
Purchase Price: $77,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $800
Bedrooms: 3 Property Tax: $79
Bathrooms: 1 Insurance/HOA: $67
Size: (sq ft) 1,260  Property Mgmt: $64
Price/Sq foot:  $61 Cash Flow: (Raw) $590
Year Built: 1965 Cap Rate: 9.2%
Parking: 1 Rent/Value Ratio: 1.0%
Neighborhood: B+ DealGrader™: 7.6
Currently cash flowing 3 beds, 1 bath in Del City leased at $800/month. Updates include: AC cage, glass and duct repairs, plumbing and electrical repairs, window AC unit, gas line and circuit breaker panel.
 SE 39th St (Del City), Oklahoma City, 73115  [TAB]
12 Photos
Home for sale: SE 39th St (Del City), Oklahoma City, OK
   
Purchase Price: $71,500 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $750
Bedrooms: 3 Property Tax: $50
Bathrooms: 1 Insurance/HOA: $60
Size: (sq ft) 900  Property Mgmt: $60
Price/Sq foot:  $79 Cash Flow: (Raw) $580
Year Built: 1952 Cap Rate: 9.7%
Parking: 1 Rent/Value Ratio: 1.0%
Neighborhood: B+ DealGrader™: 7.7
Currently cash flowing 3 beds, 1 bath in Del City, vacant and ready be lease at $750/month. Updates include: AC unit, plumbing and electric repairs, kitchen cabinets and counter tops, concrete repairs and window installed in front bedroom.
 Hickory Lane (Midwest City), Oklahoma City, 73110  [TAB]
1 Photo
Home for sale: Hickory Lane (Midwest City), Oklahoma City, OK
   
Purchase Price: $60,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $595
Bedrooms: 3 Property Tax: $33
Bathrooms: 1 Insurance/HOA: $50
Size: (sq ft) 1,956  Property Mgmt: $48
Price/Sq foot:  $31 Cash Flow: (Raw) $464
Year Built: 858 Cap Rate: 9.3%
Parking: 1 Rent/Value Ratio: 1.0%
Neighborhood: B– DealGrader™: 7.6
Currently cash flowing 3 beds, 1 bath in Midwest City. Updates include: plumbing and fencing repairs, kitchen cabinets, stove, light fixtures, faucet in bathroom tub, doors and circuit breaker replaced.
 Elm Street (Midwest City), Oklahoma City, 73110  [TAB]
9 Photos
Home for sale: Elm Street (Midwest City), Oklahoma City, OK
   
Purchase Price: $64,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $675
Bedrooms: 2 Property Tax: $55
Bathrooms: 1 Insurance/HOA: $56
Size: (sq ft) 756  Property Mgmt: $54
Price/Sq foot:  $85 Cash Flow: (Raw) $510
Year Built: 1949 Cap Rate: 9.6%
Parking: Rent/Value Ratio: 1.1%
Neighborhood: B DealGrader™: 7.7
Currently cash flowing 2 beds, 1 bath in Midwest City leased at $675/month. Updates include: stove, AC repairs, exterior paint, garage door repair, windows, bath and tub surrounds and grounding rods installation.

 Southeast 7th St (Midwest City), Oklahoma City, 73110  [TAB]
22 Photos
Home for sale: Southeast 7th St (Midwest City), Oklahoma City, OK
   
Purchase Price: $67,500 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $700
Bedrooms: 3 Property Tax: $78
Bathrooms: 1 Insurance/HOA: $58
Size: (sq ft) 1,194  Property Mgmt: $56
Price/Sq foot:  $57 Cash Flow: (Raw) $508
Year Built: 1959 Cap Rate: 9.0%
Parking: 1 Rent/Value Ratio: 1.0%
Neighborhood: B DealGrader™: 7.6
Currently, cash flowing 3 bed, 1 bath home in Midwest City currently leased at $700/month until the end of February 2019. Updates to this home include: all new floors throughout, new interior/exterior paint, refrigerator installed & included with the sale, new vanity & mirror, new bath & surround, new kitchen cabinets, counters, sink, faucets, vent hood, and new light fixtures, blinds, & fans installed.


More Properties Coming Soon!

Informal Overview



Market Overview

Oklahoma City is a very large city located in the state of Oklahoma. With a population of 591,967 people and 195 constituent neighborhoods, Oklahoma City is the largest community in Oklahoma.

Oklahoma City real estate is some of the most expensive in Oklahoma, although Oklahoma City house values don't compare to the most expensive real estate in the U.S.

Unlike some cities, Oklahoma City isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Oklahoma City are a mix of both white- and blue-collar jobs. Overall, Oklahoma City is a city of sales and office workers, professionals and service providers. There are especially a lot of people living in Oklahoma City who work in office and administrative support (15.22%), sales jobs (11.08%) and management occupations (8.87%).

Also of interest is that Oklahoma City has more people living here who work in computers and math than 95% of the places in the US.

Oklahoma City is one of the most attractive larger cities for people who are young, single, educated, and upwardly-mobile career starters. This makes it a good place to live for young singles in their 20s and 30s and who have undergraduate or graduate degrees and are starting their professional careers. Although Oklahoma City is a large city, this demographic is significant enough that young professionals will find many others like themselves here, with really good opportunities for friendships, recreation, romance, and more.

Of the large cities in America, Oklahoma City is one of the most car-oriented. This is reflected in the urban landscape, which features highways, wide streets, parking lots, and shopping centers of all sizes. It is also reflected in the statistics: 84.65% of people in Oklahoma City drive to work in their own car everyday, most often alone. So, if you're going to live in Oklahoma City, you'll need to learn to love driving. Alternative forms of transportation aren't very widely used or supported.

Oklahoma City Information and Demographics

The overall education level of Oklahoma City is somewhat higher than in the average US city of 21.84%: 27.85% of adults 25 and older in the city have at least a bachelor's degree.

The per capita income in Oklahoma City in 2010 was $25,450, which is wealthy relative to Oklahoma, and upper middle income relative to the rest of the US. This equates to an annual income of $101,800 for a family of four. However, Oklahoma City contains both very wealthy and poor people as well.

Oklahoma City is an extremely ethnically-diverse city. The people who call Oklahoma City home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Oklahoma City residents report their race to be White, followed by Black or African-American. Oklahoma City also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 17.25% of the city’s residents. Important ancestries of people in Oklahoma City include German, Irish and English.

The most common language spoken in Oklahoma City is English. Some people also speak Spanish.


Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.

Statistics for Single Family Homes and Condos in Oklahoma City, OK
$138,360 54 2,300 4.7%
Median
Listing Price
Median
Days on Market
Active Listings Distressed Listings
(foreclosures & short sales)
Median Price Trends — Oklahoma City, OK
Market Inventory Trends — Oklahoma City, OK
Average Days on Market — Oklahoma City, OK
Market Action Index — Oklahoma City, OK

Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.

Additional Statistics for Oklahoma City, OK
231,292 76,062 33 19 minutes
Number of Homes Homes
with Children
Median Age Average
Commute Time
Unemployment Rate Trends — Oklahoma City, OK
Unemployment Rate Trends - Oklahoma City, OK
            Oklahoma City, Oklahoma, National.   (Recessions shown as gray bars.)
Total Employment Trends — Oklahoma City, OK
Total Employment - Oklahoma City, OK
            CPS - Current Population Survey,  CES - Current Employment Statistics.
Real Median Household Income Trends — Oklahoma City, OK
Real Median Household Income Trends - Oklahoma City, OK
            Oklahoma City, Oklahoma, National.
Home Rent-to-Mortgage Payment Ratio — Oklahoma City, OK
Home Rent-to-Mortgage Payment Ratio - Oklahoma City, OK

The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics.  A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments.  Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper.  (Note: taxes are not considered here.)

The rent-to-mortgage payment ratio for Oklahoma City was 0.85 in March 2013.

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.

Price Forecast for Oklahoma City, OK  (MSA)
5.8% 8.7% 11.7% 14.7%
Next 24 Months Next 36 Months Next 48 Months Next 60 Months

Metropolitan Statistical Area (MSA) represents the current U.S. defined sampling area or region for reporting data to various local and state governments.  MSAs may cross county and state lines to form a qualified statistical region.


Basic Purchase Information

Property Value  (est.) $
Purchase Price $
Down Payment  (%) $
Equity at Purchase $

Mortgage Calculation

Interest Rate (%)
Down Payment (%)
Loan Term (Fixed)
Loan Amount: $, Loan Term: yrs, Interest Rate: %
Loan Amount $
Annual Payment $
Monthly Payment $

Cash to Purchase

Down Payment  (%) $
Closing Costs  (%) $
Total Cash Required $
 
    Numbers in blue boxes can be modified.
    Calculations under all tabs update in real-time.
 
 

Calculation Assumptions

Rental Income (mo.) $
Property Taxes $
Insurance (est.) $
Homeowners Assoc. $
Management Fee (%)
Maintenance Reserve (%)
Appreciation Rate (%)
Vacancy Allowance (%)
Rental Income Increase (%)
Property Tax Increase (%)
Closing Costs (Buy) (%)
Closing Costs (Sell) (%)

Cash Flow and Equity Accumulation

CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Gross Scheduled Income
  less Vacancy Allowance
Total Operating Income
                 
Property Taxes
Insurance (est.)
Homeowners Association
Maintenance Reserve
Property Management
Total Operating Expenses
                 
Net Operating Income (NOI)
  less Mortgage Expense
ANNUAL CASH FLOW
MONTHLY CASH FLOW
                 
TAX BENEFITS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation
Mortgage Interest
                 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value
  less Mortgage Balance
EQUITY (WEALTH)
                 
FINANCIAL PERFORMANCE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Capitalization (Cap) Rate
Cash on Cash Return (COC)
Return on Investment (ROI)
Internal Rate of Return (IRR)


Note: Google's Street View images may be as much as two years old.





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