1611 S 116th E Ave
Tulsa, OK 74128
List Price
$170,000
Initial Investment
$47,150Purchase Price
$170,000
Down Payment
25%
Rent
$1,240
Total Return
$27,817
Annualized Return
9.6%
Cap Rate
5.4%
Gross Yield
8.8%
Cash Flow
-$625
Appreciation
3.4%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
03/11/2022
Lease End
02/28/2023
Lot Size
13,508
HOA
None
Flood Risk
Not Required
- Seller is offering the buyer a FREE home warranty with the property once this property gets into contract
- Per the inspection report dated March 2022, the following items were repaired by seller:
(1) Exterior: Approximately 6 foot of soffit repairs needed due to water damage above front porch. The sliding glass door damage to trim and gap that could allow for water intrusion. - CLEARED
(2) Roof: Approximately 4 shingles on the bottom edge need to be replaced. This could allow for leaks. There are signs of past leaks on the interior ceiling. Recommend repairs. – CLEARED
(3) Garage: There is staining and discoloration on the ceiling. Recommend microbial remediation. Approximately 4 x 8 sheet of drywall is missing from the garage ceiling. Recommend repairs. - CLEARED
(4) HVAC: Servicing switch box has opened, needs a plug to prevent water intrusion. - CLEARED
(5) Miscellaneous: The garage ceiling and walls show evidence of possible termites. - CLEARED
- There is a $25 pet fee included in monthly rent
See more in Analysis
Annual Financial Highlights
Expected Rent
$14,136Expenses
-$3,319Property Taxes
-$2,200Loan Payments
-$9,242Net Cash Flow
-$625See more in Financials
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