THREE Occupied Rental Houses, on the same street, available as a package deal.
- 408 SW 44th St– 2bed/1bath – 896sqft – —
- County Assessors’ Market Value: $40,000
- Current tenant pays $525/mo rent
- 412 SW 44th St– 2bed/1bath – 1,032sqft – —
- County Assessors’ Market Value: $43,000
- Current tenant pays $575/mo rent
- 416 SW 44th St– 2bed/1bath – 780sqft – —
- County Assessors’ Market Value: $35,500
- Current tenant pays $525/mo rent
County Assessors’ Total Market Value: $118,500
Total monthly rents, for all three properties: $1,625/mo
Cap Rate: 12.07%
With Purchase price of $105,000 and total rents of $1,625/month, a conservative Capitalization Rate is 12.07%
$1,625 x 12 months = $19,500 Annual Gross Rental Income
$19,500 – 35% (estimated expenses) = $12,675 Annual Net Operating Income
$12,675 / $105,000 purchase price = 12.07% Cap Rate
Asking Price: Only $105,000 for ALL THREE!
Current Occupancy: All currently occupied with on-time paying tenants.
Call us at 405-254-0212 to view these great properties!
Status: Property under contract by OKC Property Buyers, a principal party in a valid and assignable Purchase and Sales Agreement; which allows us to purchase the property. The decision has been made to offer this Purchase and Sales Agreement to another cash buyer and allow them the opportunity to buy this house. New Buyer will be assigned the contract to close and price includes the assignment fee to OKC Property Buyers, LLC