22224 E 62nd St S

Broken Arrow, OK 74014
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4 bd, 3 ba | 3,179 sqft | Built in 1979

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List Price
$349,500

Initial Investment

$95,239

Purchase Price

$349,500

Down Payment

25%

Rent

$2,310

Total Return

$98,711

Annualized Return

14.9%

Cap Rate

5.1%

Gross Yield

7.9%

Cash Flow

-$2,398

Appreciation

5.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

27,979

HOA

$33/mo

Flood Risk

Not Required

This incredible corner-lot home is a must-see! Situated on over half an acre, it boasts 4 bedrooms (with the option of
using the 4th as a game room), 2.5 bathrooms, and a 2-car garage. The kitchen is beautifully upgraded with an
electric cooktop and double convection-ovens and self clean, opening up to a spacious family room with stunning
backyard views. The master bedroom is conveniently located on the first floor. Outside, enjoy lovely landscaping and
upgraded HVACs, roof, and water heater. Plus, the neighborhood offers amenities like a pool, park, tennis court, and
even horse stables.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Garrett Ayers
The Investor's Broker, LLC
OK Agent License #171032

Annual Financial Highlights

Expected Rent

$26,334

Expenses

-$6,581

Property Taxes

-$3,150

Loan Payments

-$19,001

Net Cash Flow

-$2,398

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:Gabby Grijalva
Agent License 172783
Chinowth & Cohen
Certified Agent Brokerage:Garrett Ayers
The Investor's Broker, LLC
OK Brokerage License 182658
SourceMLS Technology Inc. (Tulsa)
MLS #2413194
Last Updated: 04/15/2024 19:04
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