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Oklahoma City is the 9th 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
Oklahoma City is No. 3 in office space growth rate-Newmark Grubb
Oklahoma City Information
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 38 months only 2 months has not shown state record revenue growth over the previous year.
Real Estate keeps setting records for transactions and volume since 2011.
Oklahoma City is #1 City in large metro areas for starting a business, Kiplinger News
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 one of 3 large metros in the US to post an above 4.5% increase in GDP.
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 $4,182
7 Tampa, Fla. $287 $3,448
8 Dallas-Fort Worth, Tex. $264 $3,166
9 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
2014 Oklahoma REALTOR® of the Year
2013 President Oklahoma Association of REALTORS®
2014 Vice Chairman NAR State Leadership Ideas Exchange Council
2015 Chairman NAR State Leadership Ideas Exchange Council
2016 NAR Regional Vice President
What about the Oil Business?
The Fraser Institute located in Canada is an independent oil industry analyst organization and recently released a December 2014 report about 156 different energy jurisdictions in the world and ranked them for investment. Oklahoma was ranked No. 1.
Oklahoma currently has the lowest decrease in rig count for all oil producing states in the US at 18%. Part of this is due to replacements for older Series 5 rigs with larger and more economical for drilling Series 7 rigs.
The greatest losses for drilling occur in three areas: First is of off shore drilling, the second is Canadian tar sands, and third is older shale plays because of the increased cost of extraction.
For the above reasons our four largest independents, Devon, Chesapeake, Continental, and Sand Ridge have been recalling engineers they don’t want to lose back to the home offices. Houston and the Midland/Odessa areas have brought us the most.
The greatest loss of employment in energy is for “landmen” that seek out land for lease for drilling. In Oklahoma that has mostly been accomplished for our current plays.
In the SCOOP, the South Central Oklahoma Oil Province, the estimated oil reserves is 70 million barrels. By comparison the Baaken in North Dakota was estimated at 23 billion barrels. This does not include natural gas.
Conclusion: Yes, it will affect Oklahoma primarily in tax revenue for the lower price of a barrel of oil being sold. It will affect employment outside of Oklahoma City but less than 4% of Oklahoma employment is related to energy. It is moving higher paying energy jobs into the city and our days on market for lease properties has not gone up, it has stayed consistent, so again Oklahoma City is remarkable for its stability.
Tinker AFB expansion
The Air Force has just purchased 158 acres at Tinker AFB for the new KC-46A Pegasus Transport that replaces the KC-135. This will be the major repair depot for this plane. The Air Force paid $8 million of the $36 million land deal and the rest was paid by Oklahoma County and Oklahoma City. The build out will be in excess of $500 million and will employ 1321 private contractors bringing more high paying jobs into Oklahoma City, with the addition of 350 construction jobs.
Tinker AFB is the largest Air Material Base in the world and is also with one other base for all parts supplied to all foreign Air Forces. Tinker including off base companies like Boeing have employed over 45,000 people. Tinker is located in the Oklahoma City school system, and Choctaw and Moore are the two closest suburban school systems to the base and will benefit the most from the new jobs.
In the past 4 years Boeing alone has transferred 550 engineers from California, half the workforce located in Wichita Kansas, and in the last year transferred over 450 people from Washington State.
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 duplexes and town homes are a new category.
The large corporate investors have focused on the bubble markets like Florida, Georgia, Arizona, and Nevada.
I have 25 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.
We have worked diligently to build the most comprehensive team of specialist to maximize your future wealth.
Mustang Home for Sale
Plan SF Home List Seminar Price
West Village 1406 4.2.2 $140,000 $129,900
Mustang Home 20% Down 4.625%Plan Mortgage Payment Rent Cash Flow
West Village $104,000 $813 $1150 $355
*cash flow is figured at minimum rent and property management fee included in the payment
MLB Homes for Sale
School Plan Size SF Home Price Cash F
Choctaw King 1583 4/2/2 $159,900 $378-478
Choctaw Bailey 1750 4/2/2 $169,900 $390-490
Deer Creek King 1583 4/2/2 $169,900 $406-506
Deer Creek Bailey 1750 4/2/2 $181,900 $440-540
MLB Homes Ready in July/August
Cash flow figured at 4.50%, 20% down loans, HOA dues and property management fees are figured in.
All homes come with Granite counters, Stainless Steel Appliances, 2-inch blinds, 6 foot wood privacy fence, and garage door opener.
Council Ridge is starting Phase Two with the addition of ponds, clubhouse, and neighbourhood 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.
Council Ridge
Mill Creek Mill Creek is in Choctaw Schools but is the closest suburban school system to Tinker AFBO. We have Eight lots left for investors starting at $159,900 for the homes.
Timbercraft Homes Ready in June/July
School Plan Size SF Home Price Cash F
Moore Durango 1353 3/2/2 $142,500 $325-425
Moore Windsor 1568 4/2/2 $156,500 $450-550
Moore Durango + 1400 3/2/2 $146,500 $441-541
Savannah Lakes has an average home price of $235,000 but our new homes can start as low as $169,900. The neighbourhood has ponds, playgrounds, pool, and clubhouse and is close to the City of Mustang’s 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.
Savannah Lakes in Mustang
Edmond Oklahoma Duplexes
Payment was figured at 4.625% interest rate with 20% down.
There is a total of 6 duplexes, 5 are sold and this is the only one available.
SE Edmond has few rentals of newer homes and average home price is $450,000.
Two duplexes at 1574SF are getting $1600 in rent per side
Lot 7 Duplex
Located in SE Edmond Oklahoma, the location of these 8 lots for duplexes is outstanding. It is not only close to shopping and schools, it is a short distance to the Kilpatrick Turnpike with quick access to Oklahoma City or interstate highways. SEW Edmond has the least amount of rentals than any other location not only in Edmond but anywhere in the metro area. By building duplexes we save about $20,000 per side versus a single family new home, and the average price for a home in SE Edmond is the highest in the Oklahoma City area. Half of a duplex can be available for sale.
Edmond Homes For Sale
SubdivisionPlan / Sq. Ft. Price
Interest Rate*
Mortgage Term
The Villas at Devon Creek
Regis / 2867 $299,000 4.5 30 years
Features: Duplex per side | 3 bedrooms | 2.5 Full Baths | 2 Car Garage
* $1710 leasing fee required to process new tenants leases.
Down Payment
20% 25% 40%Mortgage $239,250 $224,250 $179,400P&I $1211 $1136 1046 $Insurance** $150 $150 $150Taxes $333 $333 $333PMI $0 $0 $0Homeowners Assoc. $0 $0 $0Management Fee $238 $238 $238Total Monthly $1932 $1857 $1767
Edmond Homes For Sale
** $0 fee required for annual renewal of leases.
Estimated Rent (Low) $2750 $2750 $2750
Estimated Rent (High) $2950 $2950 $2950
Cash Flow (Low) $818 $893 $983
Cash Flow (High) $1018 $1093 $1183
Edmond Homes For Sale
40% down figured at 5.75%
600 Garrison Duplex
Located in Mustang Oklahoma, the location of this duplex is close to shopping, other amenities, schools, and I-40 for easy Oklahoma City access. The Gardens at Westpointe is a gated duplex community that includes yard and street maintenance, a gated entry, and a playground. This duplex was purchased by an ICG inveator in 2007 and has been well maintained. The duplex is in a prime location within the community because it is in the back and also has the largest backyard of any of the duplexes which makes its appeal stronger.
Mustang Homes For Sale
SubdivisionPlan / Sq. Ft. Price
Interest Rate*
Mortgage Term
The Gardens at Westpointe
Taber / 2528 $225,000 4.5 30 years
Features: Duplex per side | 3 bedrooms | 2.5 Full Baths | 2 Car Garage
* $1320 leasing fee required to process new tenants leases.
Down Payment
20% 25% 40%Mortgage $180,000 $168,750 $135,000P&I $912 $855 $787Insurance** $100 $100 $100Taxes $302 $302 $302PMI $0 $0 $0Homeowners Assoc. $50 $50 $50Management Fee $176 $176 $176Total Monthly $1540 $1483 $1415
Edmond Homes For Sale
** $0 fee required for annual renewal of leases.
Estimated Rent (Low) $2200 $2200 $2200
Estimated Rent (High) $2400 $2400 $2400
Cash Flow (Low) $660 $717 $785
Cash Flow (High) $860 $917 $985
Edmond Homes For Sale
40% down figured at 5.75%
Getting In Touch
Please contact me at [email protected] or call/text to 405-590-2135 for any further information.
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