409 N 11th St

Broken Arrow, OK 74012
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4 bd, 4 ba | 1,931 sqft | Built in 1965

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List Price
$231,200

Initial Investment

$63,002

Purchase Price

$231,200

Down Payment

25%

Rent

$1,860

Total Return

$78,295

Annualized Return

18.3%

Cap Rate

6.6%

Gross Yield

9.7%

Cash Flow

$1,772

Appreciation

5.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

11,988

HOA

None

Flood Risk

Not Required

Darling bungalow with tremendous potential, nestled in a highly sought after neighborhood! Selling home AS-IS. Great Investement. Fix and Flip or Fix and Rent or if you're handy, Fix and Stay; make it your own! Perfect for a growing family, so many options. Located in desireable Arrow Village Subdivision with bonus proximity to the Rose District, shopping on Hillside Drive and BA High School. The home's personality shows thoughout! The back yard was once a little paradise, with it's many garden beds, pear tree, stone seating area among the cedars, 2.5 sheds for gardening and storage, one of which is airconditioned. Appraiser measured home to be 1,931 sq ft with an additional 762 sq ft in bonus room! Bonus area is beaming with light, surrounded with multiple floor to ceiling, white sliding doors. The bonus room is heated with beautiful stoves and cooled with window units. The home even has a small dry basement next to the den, which can be used for a storm shelter, storage, etc!
Two of the four bedrooms have exterior entrances. Kitchen boasts newer Kitchen Aid stove top range /dishwasher. And a beautiful double oven by Electrolux. Bring your imagination and an offer!

See more in Analysis
Garrett Ayers
The Investor's Broker, LLC
OK Agent License #171032

Annual Financial Highlights

Expected Rent

$21,204

Expenses

-$3,913

Property Taxes

-$2,950

Loan Payments

-$12,569

Net Cash Flow

$1,772

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Last Updated: 07/23/2024 15:07
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