813 N University Street
Seminole,
OK
74868
Property Details
List Price: |
$175,000 |
Beds: |
12 |
Baths: |
8 |
Status: |
Active |
SqFt: |
-- |
Agency: |
Pam Robinson Real Estate, Inc. |
Description/Comments
Lot Size: |
-- |
Property Type: |
Residential |
Year Built: |
1982 |
Notes: |
Investors look: 8 rental units. 4 units are 2 bed and 4 units are 1 bedroom. ( if at full capacity)<br />
Rent Potential at 100% occupancy is $53,900. Rent at 80% occupancy is $42,900. Estimated annual expenses. Property tax $1,000: Property Insurance $4,300: Utilities $7,500 : Repairs and Misc $7,000 for a total of $19,800. Net Income after expense is $23,100. 10% cap Rate value indicates value of $231,000. Market value based on comp value is quite different(Less). <br />
Borrowing Scenario. $150,000 loan 15 years @ 8% would have a monthly payment of $1,435 a month or $17,220 annually versus net income of $23,100 which provides an attractive debt coverage ratio.<br />
**This info is an estimation of taxes, insurance, rent & occupancy rates. EASY TO SHOW |
MlsNumber: |
1108797 |
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Listing Provided By: |
Pam Robinson Real Estate, Inc., original listing |
Name: |
Pam Robinson Real Estate, Inc. |
Phone: |
(405) 382-7653 |
Office Name: |
Pam Robinson Real Estate Inc |
Office Phone: |
(405) 382-7653 |
Agent Name: |
Pam Robinson |
Disclaimer: |
Copyright © 2024 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |