707 E 15th St

Okmulgee, OK 74447
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2 bd, 1 ba | 1,303 sqft | Built in 1930

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List Price
$98,500

Initial Investment

$26,841

Purchase Price

$98,500

Down Payment

25%

Rent

$1,210

Total Return

$51,245

Annualized Return

28.7%

Cap Rate

10.4%

Gross Yield

14.7%

Cash Flow

$4,154

Appreciation

5.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,752

HOA

None

Flood Risk

Not Required

Cute 2 or 3 bedroom Bungalow in a great neighborhood. There is tons of character and charm in this 1930s home. The fully enclosed screened in front porch greets you before you enter the living room dining room combo. The walls have been redone in ship lap and the beautiful hardwood floors definitely add a country feel to this area. The unique fireplace has a gas stove insert to keep you warm on those chilly January nights. The kitchen has a lot of cabinets and plenty of counter space to work with. There are also a lot nooks and crannies for display and storage. There is a large bonus room in back of the home with lots of natural light that would be great for a 3rd bedroom or a hobby room. This property is a must see and is sold as is. The property does have a shared drive but also has its own carport with storage. (Kitchen Stove does not go with property but is negotiable)

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

Annual Financial Highlights

Expected Rent

$13,794

Expenses

-$3,385

Property Taxes

-$900

Loan Payments

-$5,355

Net Cash Flow

$4,154

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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Listing Courtesy of:Charles Gibson
Agent License 130471
Gibson Real Estate
Certified Agent Brokerage:Garrett Ayers
The Investor's Broker, LLC
OK Brokerage License 182658
SourceMLS Technology Inc. (Tulsa)
MLS #2510233
Last Updated: 03/14/2025 17:03
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