706 Sw Mckinley Avenue, Lawton, OK

15.07% return

SP: $27,500

Video Photos Street View Map

The slide show is now full screen. Push Escape to exit. You can use the left/right arrows and Home/End buttons to navigate the images.

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 statusSold
Property typeSingle Family
Total units1
Total bedrooms2
Total bathrooms1
Building size1042 sq. ft.
Lot size0.0 acres
Year built1935

CountyComanche County
Subdivision
ConstructionFrame
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingWindow Unit
CoolingUNIT HEATER

Property Financial Summary

Sale price$27,500
Estimated rehab¹$2,500
Total investment$30,000

TypeProforma
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 return22.00%

Gross income (monthly)$550
Operating expenses (monthly)$173
Net income (monthly)$377
Net return15.07%

Property Income & ExpensesMonthlyAnnual

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.