706 Sw Mckinley Avenue, Lawton, OK
15.07% return
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Property Description

Cheap single famiyl!!

Beautiful house with a wheelchair ramp. Needs light cosmetic improvements. Will easily rent for $550 per month. Good condition inside and out. Do not miss out!

Property Information

  • Listing statusActive
  • Property typeSingle Family
  • Total bedrooms2
  • Total bathrooms1
  • Building size1042 sq. ft.
  • Lot size0.0 acres
  • Year built1935
  • CountyComanche County
  • Subdivision
  • ConstructionFrame
  • RoofShingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingWindow Unit
  • CoolingUNIT HEATER

Property Financial Summary

  • Sale price $27,500
  • Estimated rehab 1 $2,500
  • Total investment $30,000
  • Type Proforma
  • After repair value $50,000
  • Potential profit $20,000
  • Gross income (annually) $6,600
  • Operating expenses (annually) $2,079
  • Net income (annually) $4,521
  • Gross return 22.00%
  • Gross income (monthly) $550
  • Operating expenses (monthly) $173
  • Net income (monthly) $377
  • Net return 15.07%

Property Income & Expenses

  • Income
  • 2 bed / 1 bath $550/month $6,600/year
  • Total $550/month $6,600/year
  • Expenses
  • Property Taxes $24/month $286/year
  • Insurance $21/month $253/year
  • Property Management $45/month $540/year
  • Maintenance reserve $83/month $1,000/year
  • Total $173/month $2,079/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

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