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 Joe@JoePryor.com or call/text to 405-590-2135 for any further information.

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