806 N McKinley Ave

Sand Springs, OK 74063
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3 bd, 1 ba | 1,611 sqft | Built in 1928

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List Price
$190,000

Initial Investment

$51,775

Purchase Price

$190,000

Down Payment

25%

Rent

$1,450

Total Return

$72,943

Annualized Return

20.0%

Cap Rate

6.5%

Gross Yield

9.2%

Cash Flow

$1,302

Appreciation

6.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,500

HOA

None

Flood Risk

Not Required

Discover the ultimate blend of historic charm and modern convenience in this stunning 1920s bungalow with porte-cochere, nestled in Sand Springs' vibrant historic district just 13 minutes from downtown Tulsa and walking distance to downtown Sand Springs. With an oversized three-car garage / shop with electricity (665 SQUARE FEET), a beautifully updated interior, and zoned HVAC for year-round comfort, this home offers both style and functionality in a prime location.
Gleaming hardwood floors accent spacious living and dining areas with coffered ceilings and a lovely decorative fireplace. The covered front porch with swing invites you to enjoy morning coffee as you watch the world go by, and the private back is ideal for relaxing evenings. Alley access also provides flexibility that many modern homes don't have.
The finished basement, not included in the square footage (357 SQUARE FEET), offers added flexibility, and the driveway accommodates multiple vehicles. Located just streets away from Garfield Elementary and steps to Page Park’s tennis / pickleball courts, playground, and trails, this home provides a perfect balance of charm and convenience. With quick access to highways and the lively Box District for dining and shopping nearby, this home is truly one of a kind—don’t miss out on this gem!

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

Annual Financial Highlights

Expected Rent

$16,530

Expenses

-$2,968

Property Taxes

-$1,930

Loan Payments

-$10,329

Net Cash Flow

$1,302

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: 11/07/2024 11:11
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