Investor seminar presentation about Oklahoma City real estate opportunities
-
Upload
joe-pryor -
Category
Real Estate
-
view
212 -
download
1
description
Transcript of Investor seminar presentation about Oklahoma City real estate opportunities
Welcome to Oklahoma City
Oklahoma City Information
Oklahoma City is the 7th fastest growing city in the US for metros over 1 million
Oklahoma City is #6 in large metro areas for biggest increase in wages and salaries, The Atlantic
Oklahoma City unemployment is 3.8%, lowest in the US for metro areas over 1 million
In 2009 only 5.9% of Oklahoma homes had underwater values, lowest in the US. Nevada was over 70%, the highest for contrast
In three sales tax issues, Oklahoma City has put or will put almost $3 Billion in infrastructure spending.
In the last 36 months only 2 months hasn’t shown state revenue growth over the previous year.
Real Estate keeps setting records for transactions and volume since 2011.
Oklahoma City is #4 City in large metro areas in beating the recession, The Brookings Institute
Oklahoma City is #5 City in large metro areas in job creation, Forbes
Oklahoma City is #9 City in large metro areas for most affordable to live, Forbes
“Oklahoma City is a boomtown”, Bloomberg News
Top Ten Investor Markets for Cash FlowRank Metro Area Short-term profit
(monthly)Short-term profit
(annually)
1 Oklahoma City$536
$6,431
2 Miami-Fort Lauderdale, Fla.$515
$6,184
3 Tulsa, Okla.$396
$4,753
4
Cincinnati
$385 $4,621
5 Denver$355
$4,258
6 Rochester, N.Y. $349 $4,1827 Tampa, Fla. $287 $3,4488 Dallas-Fort Worth, Tex. $264 $3,1669 Indianapolis $251 $3,014
10 Memphis, Tenn. $242 $2,901
About Me
Selling Investment property since 1989
2011 President Edmond Board of REALTORS®
2011 Edmond REALTOR® of the Year
2013 President Oklahoma Association of REALTORS®
2013 Vice Chairman NAR State Leadership Ideas Exchange Council
2014 Chairman NAR State Leadership Ideas Exchange Council
2016 NAR Regional Vice President
Why you should buy in Oklahoma City
Oklahoma City is a linear market where we stay away from high highs and low lows so a great appeal for conservative investors.
Vacancy rate has been running from 1% to 3% because we obey the laws of supply and demand.
Oklahoma City is on the onset of housing diversification so for us town homes are a new category.
The large corporate investors have focused on the bubble markets like Florida, Georgia, Arizona, and Nevada.
I have 24 years experience in investment real estate, extensive training, a great team, and outstanding property management.
We want to give you investments that allow you to sleep at nights, truly passive income so you have more time for primary work, family, and recreation.
We focus on new construction with long term warranties, no need for rehab, and you get them at discount prices.
$5000 discount reflected in Seminar Price on Moore & Mustang
Rausch Coleman Homes Ready NowSchool Plan Size SF Home Sale Price Cash Flow
Piedmont Kinsley 1738 4/2/2 $157,095 $304-404
Mustang Webster 1490 3/2/2 $144,400 $235-335
Mustang Carnegie 1528 4/2/2 $147,045 $325-425
Mustang Lowell 1610 3/2/2 $150,100 $308-408
Moore Carnegie 1528 4/2/2 $149,000 $312-412
Moore Lowell 1610 3/2/2 $154,000 $292-392
Moore Kinsley 1728 4/2/2 $159,536 $348-448
Rausch Coleman Homes Ready Now
Cash flow figured at 4.75%, 20% down loans, HOA dues and property management fees are figured in.
All homes come with 2-inch blinds, 6 foot wood privacy fence, and garage door opener.
Rausch Coleman Elevations
Moore Oklahoma Homes For Sale
Plan SF Home List Seminar Price
Marble Leaf 1400 3.2.2 $154,000 $145,000
Calm Springs 1552 4.2.2 $170,720 $157,500
Piedmont 1699 4.2.2 $180,890 $164,500
Meadow Lake 1750 4.2.2T $192,500 $177,000
Moore Homes 20% down cash flow at 4.625%
Plan Mortgage Payment Rent Cash Flow
Marble Leaf $116,000 $909 $1300 $391
Calm Springs $126,000 $972 $1400 $428
Piedmont $131,600 $1036 $1500 $464
Meadow Lake $141,600 $1109 $1600 $491*cash flow is figured at minimum rent and property management fee included in the payment
Moore Elevations
30 Investor Homes to be built by MLB Construction
Starting in November we will have homes starting construction ready for the spring season where rents are very strong. We will be building rent ready homes from $150,000 to $215,000 in the following areas and neighborhoods.
Shire Lea in Yukon
Shire Lea is located on the west in of Yukon and only 10 miles from an area where companies like Halliburton adding high paid energy employees. Halliburton just added 800 service jobs in the last few months.
Council Ridge
Council Ridge is starting Phase Two with the addition of ponds, clubhouse, and neighborhood pool. It is located in the Number One school district in the state and this year we have rented every home before the investor closed.
Meadow Lakes in Yukon
Meadow Lakes is in Yukon Schools but is the closest neighborhood to Oklahoma City proper. We have ten lots left for investors starting at $150,000 for the homes.
Savannah Lakes in Mustang
Savannah Lakes has an average home price of $235,000 but our new homes can start as low as $168,000. The neighborhood has ponds, playgrounds, pool, and clubhouse and is close to the City of Mustangs main recreational area.
Please get on an ICG mailing list and in the next few weeks we will be sending details on the homes and prices for each neighborhood.
MLB Elevations
Edmond Oklahoma Town Homes
Size Details Price Payment Rent Cash Flow
1450SF 3/2.5/2 $149,900 $816 $1500 $684
1750SF 3/2.5/2 $179,000 $969 $1750 $781
2272SF 3/2/2.5 $199,000 $1080 $2100 $1020
Edmond Oklahoma Town Homes
Payment was figured at 4.625% interest rate with 20% down.
Yearly HOA is $240.
There will be a total of 46 units.
We are working on a smaller 2/2/1 as a possibility.
Primary clients for rent are Millennials because only 36% are homeowners under the age of 33.
Terra Town Homes
Terra Town Homes is a 17-unit contemporary style town home project that if priced individually at $105,000 would be a total of $1,785,000.
For a commercial investor who wants the whole project as one purchase the price is $1,700,000.
Units have a estimated rent of $1000 to $1045 per month with a $25 per month charge for maintaining mowing and landscaping.
Getting In Touch
Please contact me at [email protected] or call/text to 405-590-2135 for any further information.
To access this slide online at your own convenience, please visit www.slideshare.com/joepryor