20799 N Us Highway 259
About This Property
A rare opportunity to own a piece of Hochatown history with modern income potential. Thelma's Place has been completely remodeled into a charming 1-bedroom cabin - offering both a compelling owner's retreat and a proven short-term rental asset in one of Oklahoma's fastest-growing tourism markets.
Prime, Highway-Front Location. Unlike many Hochatown cabins tucked down winding gravel roads, this property sits directly on the highway - maximum visibility, easy access, and a major convenience factor for guests, which translates to fewer cancellations and stronger reviews.
Property Highlights
• Fully remodeled interior - rustic charm meets modern finishes
• 1 bedroom, garden tub, cozy and efficient layout ideal for couples' getaways
• Private, fenced backyard with fire pit, hot tub, and charcoal grill
• Property extras - a 20 x 25 approx. shop offers ample space for storage.
• The property is served by a private water well, and an attached unfinished room offers flexible bonus space, ready for your furnishing touches.
• Minutes from Beaver's Bend State Park, area lakes, and Hochatown dining/attractions
Investment Appeal
With its efficient footprint and premium location, Thelma's Place is well-positioned for strong occupancy in the couples/short-getaway market segment - a high-demand niche in the Broken Bow STR landscape. Call today for more information!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 23, 2026 | Price Decreased |
$399,900
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Aug 21, 2026 | Listed by Hochatown Real Estate LLC | $405,000 | |
| Listed by Hochatown Real Estate LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017