316 W Broadway St
Drumright, OK 74030
List Price
$89,500
Initial Investment
$24,389Purchase Price
$89,500
Down Payment
25%
Rent
$1,510
Total Return
$58,799
Annualized Return
36.9%
Cap Rate
13.5%
Gross Yield
20.2%
Cash Flow
$6,154
Appreciation
5.2%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
4,123
HOA
None
Welcome to this charming 2-bedroom, 1-bath home that offers both comfort and functionality. Inside, you'll find two spacious living areas-perfect for relaxing or entertaining. The second living area is open to the kitchen and makes a great family/rec room, or even a home office setup.
The large bedrooms provide plenty of space and include generous closets for all your storage needs. At the heart of the home is a roomy kitchen with tons of potential, perfect for cooking and gathering.
Outside, you'll love the spacious lot-ideal for gardening, play, or just enjoying the open space. There's also convenient alley access for extra parking, trailers, or toys.
Bonus features include a covered storm shelter for peace of mind and a detached, wired shop offering even more storage or hobby workspace. This property has great bones and room to grow-don't miss your chance to make it your own!
Property needs some TLC to shine. Seller offering $3,000 credit toward paint & updates or can use toward buyer closing costs. Owner/agent.
See more in Analysis
Garrett Ayers
The Investor's Broker, LLC
OK Agent License #171032
Annual Financial Highlights
Expected Rent
$17,214Expenses
-$5,344Property Taxes
-$850Loan Payments
-$4,866Net Cash Flow
$6,154See 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: 04/20/2025 21:04