RC Morgan Plan · Bixby, OK 74008

$246,000

3 bd · 2.0 ba · 1,337 sqft · SingleFamily · 413 Days on market

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +13.4/30.0
• ARV discount +7.5/15.0
• DSCR +4.0/10.0
• 1% rule +3.8/10.0
• Livability +3.6/5.0
• Schools +3.5/10.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Key facts

• Convenient access
• Easy commute
• 2 garage spots

Tags

• NEW SINGLE-FAMILY HOMES
• HISTORIC DOWNTOWN BIXBY
• EASY COMMUTE
• CONVENIENT ACCESS

Property features AI

Finance

• Financial info: List price $246,000

Exterior

• Parking: 2 total parking spaces; 2-car garage
• Home design: Plan: RC Morgan; New construction inventory type: Plan

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Interior features: Living area of 1,337

🏗️ New construction. The $246,000 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $243,334.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $246k.

Deal economics

• At list price, monthly cash flow is $3 ($40/yr) — positive.
• To cash-flow at today's rent, offer at most $244k (0.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $213k (13.3% below list).
• Recommended offer: $213k (13.3% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 3.6% in Bixby — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 72/100 on livability (#24 in OK) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Bixby (suburban): math 39% / reading 36% proficiency, ranked #15 of 270 in OK (top 6%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 19% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+3.3%/yr); 789 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,818 units permitted in Tulsa County in 2024 (518 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Tulsa County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 413 days — a 12% lower offer ($216k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $213,291 (13.3% below list)

Questions for the listing agent

1. It's been on market 413 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.88% ✗
• Cap rate: 6.31%
• Cash-on-cash: 0.06%
• DSCR: 1.00
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $243,334
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8366 E 160th Pl S	0.08mi	3/2.0	1,390 (+4%)	2mo	$247,500	$178	88
8734 E 160th Pl S	0.24mi	3/2.0	1,341 (+0%)	1mo	$235,000	$175	88
8436 E 160th Pl	0.10mi	3/2.0	1,388 (+4%)	4mo	$225,000	$162	86
8613 E 164th St S	0.32mi	3/2.0	1,337 (0%)	2mo	$249,730	$187	84
8653 E 160th St S	0.26mi	3/2.0	1,381 (+3%)	1mo	$237,500	$172	82
16113 S 88th East Ave	0.32mi	3/2.0	1,336 (-0%)	3mo	$235,000	$176	82
8617 E 164th St S	0.33mi	3/2.0	1,446 (+8%)	1mo	$263,700	$182	70
7540 E 158th St S	0.55mi	3/2.0	1,399 (+5%)	1mo	$257,000	$184	66
8619 E 164th Ct S	0.41mi	3/2.0	1,446 (+8%)	4mo	$263,919	$183	64
16437 S 87th EastAvenue	0.42mi	3/2.0	1,446 (+8%)	4mo	$262,594	$182	63
16429 S 87th EastAvenue	0.41mi	3/2.0	1,480 (+11%)	4mo	$250,000	$169	60
16421 S 87th EastAvenue	0.39mi	3/2.0	1,143 (-14%)	5mo	$239,430	$209	54

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.34% rent growth · sell at horizon

5-year hold

• IRR: -15.8%
• Equity multiple: 0.44×
• Total profit: $-38,451
• Equity at exit: $36,282

10-year hold

• IRR: -6.8%
• Equity multiple: 0.56×
• Total profit: $-30,051
• Equity at exit: $21,039

Cash invested: $68,134 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Oklahoma: 83 Strongly Landlord-Friendly · R+20
• County: — inherits STATE
• City: — inherits STATE

5-day notice; strongly landlord-favorable.

Methodology + full state rankings →

ZIP-level market 74008

• Rents YoY: 3.3%
• Active inventory: 789
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $2,133 medium
• Mortgage (P&I): −$1,276
• Tax est. 1.5%: −$304 /mo · $3,650/yr
• Insurance: −$101
• HOA: −$0
• Vacancy / Maint / Mgmt: −$448
• Net cashflow: $3

Break-even live

Break-even rent $2,129

Max offer price $243,334

Occupancy floor 95%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $60,834
• Closing costs: $7,300
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7808 E 161st St S Bixby, OK	1.0–3.0	1.5–2.5	1357	$2,550	$1.88	2d	13	0.16mi
16021 S 83rd East Ave Bixby, OK	3.0	2.0	1517	$1,650	$1.09	2d	1	0.18mi
16423 S 86th East Ave Bixby, OK	3.0	2.0	1546	$1,750	$1.13	15d	1	0.34mi
7532 E 158th St S Bixby, OK	3.0	2.0	1486	$1,600	$1.08	2d	1	0.58mi

Listing history 14 events

1. 2026-06-18
   days on market $246,000 Active 413 DOM
2. 2026-06-17
   days on market $246,000 Active 412 DOM
3. 2026-06-16
   days on market $246,000 Active 411 DOM
4. 2026-06-15
   days on market $246,000 Active 410 DOM
5. 2026-06-13
   days on market $246,000 Active 408 DOM
6. 2026-06-13
   days on market $246,000 Active 407 DOM
7. 2026-06-10
   days on market $246,000 Active 405 DOM
8. 2026-06-09
   days on market $246,000 Active 404 DOM
9. 2026-06-08
   days on market $246,000 Active 403 DOM
10. 2026-06-07
    days on market $246,000 Active 402 DOM
11. 2026-06-03
    days on market $246,000 Active 398 DOM
12. 2026-06-02
    days on market $246,000 Active 397 DOM
13. 2026-06-01
    days on market $246,000 Active 396 DOM
14. 2026-05-31
    days on market $246,000 Active 395 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥111°F today · 18 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,595
• − Mortgage interest: −$13,630
• − Property taxes: −$3,650
• − Insurance: −$1,217
• − Repairs & maintenance: −$2,048
• − Management: −$2,048
• − Depreciation: −$7,079
• Taxable loss: −$4,076
• Est. tax savings @ 24.0%: +$978
• After-tax cash flow: $1,019/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Bixby
• NCES district ID: 4004500
• Math proficiency: 39% ▼ -13.00%
• Reading proficiency: 36% ▼ -14.00%
• Median HH income: $75,727
• Composite: 34.9/100
• National rank: #5081
• State rank: #15 of 270 in OK

Livability — Bixby

• Score: 72/100
• State rank: #24
• US rank: #6029

Category grades

Amenities F Commute F Cost of living A- Crime A+ Employment A+ Housing A+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bixby, OK
• County: Tulsa County · 640,811 people
• City population: 34,006
• Metro: Tulsa, OK
• Population (ZIP): 34,006
• Household income: $104,000
• Rent vs Own: 23.8% rent · 76.2% own
• Severe rent burden: 525.0

Population outlook (Tulsa County) Hauer SSP2

• Today (2025): 723,846 people
• By 2030: 766,033 · +5.8%
• By 2040: 851,386 · +17.6%
• By 2050: 938,389 · +29.6%
• By 2075: 1,166,011 · +61.1%
• By 2100: 1,350,277 · +86.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Two or more races 15% Hispanic / Latino 9% Native American 5% Asian 2% Black 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Italian 4% Slovak 2% Lithuanian 2%
• Foreign-born: 5% · Canada
• Languages at home: 92% English-only · Spanish 5% Other Indo-European 1%

Political lean MEDSL · Tulsa

• 2024 margin: R (+15.2) · D 41.3% · R 56.5% · Other 2.2%
• 2008→2024 swing: +9.2pp toward D · 2008: -24.5pp · 2024: -15.2pp
• All cycles: 2024: R+15.2 2020: R+15.6 2016: R+22.9 2012: R+27.4 2008: R+24.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -127.20%
• Current HPI: 195.2538
• Rent YoY: ▲ 3.34%
• Metro: Tulsa, OK
• State GDP YoY: ▲ 1.55%
• F500 in state: 6

Industry mix (Fortune 500 HQ in OK)

Industry	F500 HQs	Revenue
▸Energy	3	$48B