18
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$230,000
Est. payment /mo
3 Beds
2 Baths
1,702 SqFt
Coming Soon
701 W Locust St Durant, OK 74701-3946
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Key Details
Property Type Single Family Home
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 1,702 sqft
Price per Sqft $135
Bedrooms 3
Full Baths 2
Year Built 1950
Lot Size 10,499 Sqft
Property Description
Casino Cottage
701 W Locust St | Durant, Oklahoma
Turnkey Short-Term Rental Opportunity
Established, income-producing short-term rental located minutes from Choctaw Casino, downtown Durant, SE, and Lake Texoma. Actively operating with proven occupancy, strong reviews, and immediate cash flow at closing. Fully furnished, well-maintained, and professionally positioned for continued revenue.
Airbnb Performance | Guest Favorite | 4.92 Rating | Superhost Managed
High-demand casino, university, and lake traffic
Sleeps up to 8 guests
Self check-in, pet-friendly, high-speed fiber internet
Property
3 Bedrooms | 2 Baths
2 King Beds, 2 Twins, 2 Futons
Fully furnished and operational
Parking for 4 vehicles
Laundry, outdoor seating, keypad entry
Financial Snapshot
Purchase Price | $230,000
Occupancy Rate | 68%
Net Nightly Rate | $136
Annual Revenue (After Booking Fees) | $33,726
Estimated Operating Expenses | $14,100
Net Operating Income (NOI) | $19,626
Cap Rate | 8.53%
DSCR | 1.12
Break-Even Occupancy 28.43%
Seller Motivation and Transition Plan | Seller is relocating. To ensure a seamless transition and preserve future revenue, the seller is offering to transfer the existing Airbnb listing, reviews, and operational setup as part of the sale. This allows the buyer to retain current bookings, preserve search ranking, and avoid revenue disruption during ownership transition.
Investor Positioning
Immediate income at closing
No startup, build-out, or marketing ramp-up
Stabilized operations with established demand
Listing and booking continuity available
Ideal first STR acquisition or clean portfolio add-on
Strong downside protection with low break-even occupancy
701 W Locust St | Durant, Oklahoma
Turnkey Short-Term Rental Opportunity
Established, income-producing short-term rental located minutes from Choctaw Casino, downtown Durant, SE, and Lake Texoma. Actively operating with proven occupancy, strong reviews, and immediate cash flow at closing. Fully furnished, well-maintained, and professionally positioned for continued revenue.
Airbnb Performance | Guest Favorite | 4.92 Rating | Superhost Managed
High-demand casino, university, and lake traffic
Sleeps up to 8 guests
Self check-in, pet-friendly, high-speed fiber internet
Property
3 Bedrooms | 2 Baths
2 King Beds, 2 Twins, 2 Futons
Fully furnished and operational
Parking for 4 vehicles
Laundry, outdoor seating, keypad entry
Financial Snapshot
Purchase Price | $230,000
Occupancy Rate | 68%
Net Nightly Rate | $136
Annual Revenue (After Booking Fees) | $33,726
Estimated Operating Expenses | $14,100
Net Operating Income (NOI) | $19,626
Cap Rate | 8.53%
DSCR | 1.12
Break-Even Occupancy 28.43%
Seller Motivation and Transition Plan | Seller is relocating. To ensure a seamless transition and preserve future revenue, the seller is offering to transfer the existing Airbnb listing, reviews, and operational setup as part of the sale. This allows the buyer to retain current bookings, preserve search ranking, and avoid revenue disruption during ownership transition.
Investor Positioning
Immediate income at closing
No startup, build-out, or marketing ramp-up
Stabilized operations with established demand
Listing and booking continuity available
Ideal first STR acquisition or clean portfolio add-on
Strong downside protection with low break-even occupancy
Location
State OK
County Bryan
Listed by Jim Peña • Real Broker | Peña Properties Team
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