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    Turnkey Two-Tiny-Home Income Property Title is generated by Realmo AI

    396 Choate, Broken Bow, OK 74728

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    Claim this Listing
    For Sale
    $650,000

    MULTI_FAMILY - Broken Bow, OK

    Lot size:
    1.93 Acres
    Added:
    Mar 28, 2026
    Days on Market:
    68
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for 396 Choate

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 1
    Parking
    4
    Spa
    1
    Patio and Porch features
    Deck
    Interior features
    DecorativeDesignerLightingFixtures, HighSpeedInternet, Loft, CableTv
    Exterior features
    Lighting, OutdoorGrill
    Appliances
    Dryer, ElectricRange, Refrigerator, Washer
    Standard status
    Active
    APN
    9001-22-04S-24E-4-050-00
    Lot size
    1.93 Acres

    Utilities

    Sewer type
    Septic Tank
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    2020
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Vinyl
    Building materials
    Log
    Roof type
    Metal

    We can help!

    Listing Contact
    Giovanna Phillips

    Listing agent Giovanna Phillips License #0608933

    Listing office Mosaic Realty Mansfield, OK

    Listing date Mar 28, 2026

    MLS# 21207253 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two 2020‑built tiny homes on 2 acres in Hochatown, offered as side‑by‑side cabins
    • Metal roof log construction with deck and outdoor lighting
    • Includes appliances: washer, dryer, electric range, and refrigerator
    • Spa included (SpaYN: true)
    • Interior features include loft, high‑speed internet, and cable TV
    • Septic tank sewer system

    Overview

    This offering presents a unique investment opportunity: two turnkey, income-producing tiny homes on a two-acre lot. The units are set up as side-by-side cabins, providing separate spaces that can work well for guest groups seeking a little more privacy while staying close together. The property is described as having a proven track record, and it’s presented as a practical way to capture cash flow without taking on the complexity of managing larger rental accommodations.

    Located in the heart of Hochatown within Broken Bow, the property benefits from a guest-facing appeal that includes the “gorgeous views” highlighted in the remarks. The current presentation emphasizes that the homes are positioned as affordable options for travelers, which can be a compelling differentiator in a short-term rental environment. While additional pictures are forthcoming, the seller frames this as an opportunity to own a straightforward, ready-to-operate income asset.

    For investors or owner-operators, these two units may be a strong fit for anyone interested in a turnkey short-term rental setup. The side-by-side configuration can support bookings from groups that want separate sleeping and living areas. If you’re looking for a property that can generate income while also being personally enjoyable when dates are available, this two-tiny-home package is being marketed for exactly that dual-purpose use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Backdraft ridge Cabin Vacation Rental

    Suggested Use

    Building Supply Big Box & Wholesale Store Hair Salon Nail Salon Discount Store Cafe & Coffee Shop Bakery Barber Shop Spa & Massage Center Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Broken Bow
    County
    McCurtain
    State
    Oklahoma
    Longitude
    -94.774595
    Latitude
    34.191922

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    FAQs

    What type of property is this?
    Short term rental property - Own two side-by-side turnkey tiny homes designed for income generation, with guest appeal centered on views and affordability.
    Where is this short term rental property located?
    The property is located at 396 Choate Broken Bow, OK.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Two 2020‑built tiny homes on 2 acres in Hochatown, offered as side‑by‑side cabins; Metal roof log construction with deck and outdoor lighting; Includes appliances: washer, dryer, electric range, and refrigerator
    (817) 734-2688
    We can help!
    Listing Contact
    Giovanna Phillips
    Real Estate License ID: 0608933
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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