2BR Owner-Financed Home in Stroud, OK — No Bank Needed, $5,835 Down

Own a Home in Stroud, OK — Owner Financing, No Bank Needed

302 E 2nd St, Stroud, OK 74079 | Lincoln County | 2 Bed / 1 Bath | ~1,068 Sqft

Renting means paying off someone else's mortgage every month. This 2-bedroom home on Historic Route 66 — halfway between Tulsa and Oklahoma City — is a real chance to pay off your own. It needs some work, and that's the opportunity: you get in at a low price and build equity as you improve it.

Own It for $4,900 Down — No Bank, No Perfect Credit

We finance you directly. No conventional loan, no perfect credit required.

Owner-finance price: $24,500

Down payment: $4,900 (20%)

Monthly: about $291/mo — likely less than you're paying in rent

Rate: 12.9% · flexible terms · 36, 60, or 120 months

Payment options on $19,600 financed:

36 months: ~$659/mo

60 months: ~$445/mo

120 months: ~$291/mo

Or pay cash: $20,000 (price just reduced from $27,900)

Honest Condition — Here's Exactly What You're Getting:

We won't pretend it's turn-key. Here's the straight scoop so you can plan your budget:

In good shape / already handled: structurally sound, wall heating units, no known foundation issues, No roof leaks, it's livable!, City water/sewer/electric already connected

Needs attention: Cleaning throughout, new window AC units, paint, and any updates you'd like especially to the kitchen and bathrooms!

That transparency is why the price is what it is — and why the equity is there for the taking.

The Numbers (For Investors)

Purchase: $20,000 cash (reduced from $27,900)

Estimated renovation: $15k

Renovated comps in Stroud: $75k

That's roughly $40k of built-in spread for a flip, or a solid long-term rental in a steady Route 66 market.

Why This Home Stands Out:

2 BR / 1 BA, ~1,068 sqft + 2-car carport and storage

City water, sewer, and electric

Paved street, walk to downtown Stroud

No HOA · off-market · not listed with a realtor

Owner financing — no bank required

Real equity after renovation

You're Dealing With a Real Company: Many Mansions LLC is a BBB-accredited, family-run land and home company. We'll gladly verify ownership, provide a purchase agreement to review, and set up an in-person walkthrough. No pressure, no games.

Property Details

Address: 302 E 2nd St, Stroud, OK 74079 · County: Lincoln County, OK

APN: 6190-00-002-005-0-000-00

Beds/Baths: 2 / 1 · Living Area: ~1,068 sqft

Lot: 0.24 acres (~10,454 sqft) · Zoning: Residential – Single-Family

Carport: 2-car + storage · Utilities: City water, sewer, electric

HOA: None · Condition: Needs renovation

Location

Small-town living with quick access to I-44 / the Turner Turnpike:

Downtown Stroud: 2–5 min · Bristow/Chandler: 20–25 min · Cushing: 35–40 min

Tulsa: ~55 min · Oklahoma City: ~1 hr 5 min

Near Route 66 attractions, the Rock Café, Stroud Lake, and StableRidge Vineyards

>>>>Take the Next Step

This price was just reduced. With owner financing, you don't need a bank to own this home — and at $20,000 cash or $4,900 down, it won't sit long.

📞 Call or text Bryan Payne: 785-213-7043, or message us for photos, room details, and a walkthrough.

Buyer to verify zoning, permits, utilities, structure condition, and intended use with the City of Stroud and Lincoln County. Sold as-is.